.Head of state Vladimir Putin signed a mandate Tuesday temporarily giving up management of a primary junk food producer to the Russian federal government.In April 2023, Putin licensed the federal government to take the Russia-based resources of international firms coming from nations the Kremlin consider as "antagonistic," a move widely considered revenge to the West cold around $300 billion in Russian condition assets.Putin's most current decree orders the confiscation of the Glavproduct keeping provider, several of its subsidiaries and also 3 processing plants. The federal government is going to also take command of Glavproduct's parent firm Promselkhozinvest, which is actually possessed by the U.S.-registered Universal Beverage Company.Universal Drink is had through Russian-born U.S. business person Leonid Smirnov, who moved abroad coming from the Soviet Union in the 1970s as well as went back to Russia in the 1990s, according to the Kommersant business daily.The newspaper defined Glavproduct as Russia's leading junk food producer, along with greater than five hundred labels of prerecorded pork, compressed dairy and also canned fish as well as veggies.Momentary federal government management of the taken possession of properties will definitely be managed by Russia's Federal Organization for State Property Monitoring, Rosimushchestvo, depending on to Putin's mandate.The United States as well as European Union shut out or took greater than $350 billion of state and also individual possessions as component of Western side nods over Russia's 2022 attack of Ukraine. EU member states agreed in May to utilize billions of europeans in make money from the frosted properties to aid arm Ukraine and cash its own post-war renovation.