.Head of state Vladimir Putin signed a decree Tuesday briefly handing over command of a major junk food creator to the Russian federal government.In April 2023, Putin accredited the authorities to take possession of the Russia-based assets of overseas business from nations the Kremlin deem "antagonistic," a relocation largely seen as retribution to the West cold around $300 billion in Russian condition properties.Putin's most recent mandate orders the seizure of the Glavproduct storing firm, many of its subsidiaries and 3 canning plants. The government will definitely likewise take management of Glavproduct's parent firm Promselkhozinvest, which is possessed due to the U.S.-registered Universal Drink Company.Universal Refreshment is owned through Russian-born U.S. entrepreneur Leonid Smirnov, that departed coming from the Soviet Union in the 1970s and went back to Russia in the 1990s, according to the Kommersant organization daily.The newspaper illustrated Glavproduct as Russia's leading junk food producer, along with much more than 500 brand names of prerecorded chicken, condensed dairy and also tinned fish as well as veggies.Short-lived federal government command of the taken possession of assets are going to be actually overseen through Russia's Federal Firm for State Building Management, Rosimushchestvo, according to Putin's mandate.The United States as well as European Union blocked or took greater than $350 billion of state and also private resources as component of Western permissions over Russia's 2022 attack of Ukraine. EU participant states acknowledged in May to utilize billions of euros in monetize the icy resources to aid upper arm Ukraine as well as finance its post-war reconstruction.