.President Vladimir Putin authorized a mandate Tuesday briefly turning over management of a primary junk food creator to the Russian federal government.In April 2023, Putin licensed the government to take possession of the Russia-based resources of overseas providers coming from countries the Kremlin deem “antagonistic,” a relocation widely considered revenge to the West cold around $300 billion in Russian state assets.Putin’s latest decree orders the confiscation of the Glavproduct keeping provider, several of its subsidiaries and also three processing plants. The government will also take control of Glavproduct’s parent provider Promselkhozinvest, which is had by the U.S.-registered Universal Refreshment Firm.Universal Drink is had through Russian-born USA business person Leonid Smirnov, that moved abroad coming from the Soviet Union in the 1970s and also went back to Russia in the 1990s, according to the Kommersant company daily.The paper defined Glavproduct as Russia’s leading junk food developer, along with greater than five hundred brands of prerecorded chicken, short dairy and also tinned fish as well as vegetables.Temporary government management of the taken possession of possessions will definitely be managed through Russia’s Federal Organization for State Building Administration, Rosimushchestvo, depending on to Putin’s mandate.The USA as well as European Union shut out or seized much more than $350 billion of condition and also personal resources as part of Western permissions over Russia’s 2022 intrusion of Ukraine. EU member conditions acknowledged in May to use billions of euros in benefit from the icy possessions to help upper arm Ukraine and also fund its post-war renovation.