.Head of state Vladimir Putin authorized a mandate Tuesday momentarily turning over management of a major junk food creator to the Russian federal government.In April 2023, Putin licensed the government to confiscate the Russia-based resources of foreign firms coming from nations the Kremlin deem "hostile," a move extensively considered retribution to the West cold around $300 billion in Russian condition resources.Putin's most up-to-date decree instructions the confiscation of the Glavproduct keeping firm, numerous of its subsidiaries and also 3 canning vegetations. The government will additionally take command of Glavproduct's parent company Promselkhozinvest, which is owned by the U.S.-registered Universal Drink Company.Universal Beverage is actually possessed through Russian-born united state business person Leonid Smirnov, that migrated from the Soviet Union in the 1970s and came back to Russia in the 1990s, according to the Kommersant business daily.The newspaper explained Glavproduct as Russia's leading junk food producer, along with greater than 500 labels of canned pork, condensed dairy and also tinned fish as well as vegetables.Temporary government command of the seized resources will be supervised through Russia's Federal Firm for State Residential Property Control, Rosimushchestvo, depending on to Putin's decree.The United States and also European Union obstructed or took more than $350 billion of condition and individual resources as part of Western assents over Russia's 2022 intrusion of Ukraine. EU participant states concurred in May to use billions of europeans in make money from the icy assets to assist arm Ukraine and also fund its post-war restoration.