.Head of state Vladimir Putin signed a mandate Tuesday briefly handing over management of a major canned food maker to the Russian government.In April 2023, Putin authorized the authorities to take possession of the Russia-based resources of international providers coming from countries the Kremlin deem "unfriendly," a technique commonly seen as retribution to the West freezing around $300 billion in Russian state properties.Putin's newest mandate orders the confiscation of the Glavproduct storing firm, several of its subsidiaries and also 3 canning plants. The authorities will also take command of Glavproduct's parent provider Promselkhozinvest, which is actually had by the U.S.-registered Universal Drink Firm.Universal Drink is actually possessed through Russian-born united state businessman Leonid Smirnov, that migrated coming from the Soviet Union in the 1970s as well as returned to Russia in the 1990s, according to the Kommersant business daily.The paper described Glavproduct as Russia's leading junk food developer, with greater than five hundred brands of canned chicken, compressed dairy as well as canned fish as well as veggies.Temporary authorities control of the confiscated assets will be actually looked after through Russia's Federal Company for Condition Residential Property Control, Rosimushchestvo, depending on to Putin's mandate.The United States as well as European Union blocked out or even seized greater than $350 billion of condition and also individual properties as part of Western side nods over Russia's 2022 attack of Ukraine. EU participant conditions concurred in May to use billions of euros in benefit from the icy properties to aid upper arm Ukraine and fund its own post-war repair.