.President Vladimir Putin signed a decree Tuesday temporarily turning over control of a significant canned food manufacturer to the Russian federal government.In April 2023, Putin authorized the authorities to seize the Russia-based possessions of foreign providers coming from countries the Kremlin consider as "hostile," a step extensively seen as revenge to the West icy around $300 billion in Russian condition assets.Putin's most recent decree instructions the seizure of the Glavproduct keeping company, several of its subsidiaries as well as three canning vegetations. The federal government will certainly also take command of Glavproduct's parent provider Promselkhozinvest, which is actually owned by the U.S.-registered Universal Beverage Company.Universal Beverage is possessed by Russian-born united state businessman Leonid Smirnov, that departed coming from the Soviet Union in the 1970s and came back to Russia in the 1990s, according to the Kommersant organization daily.The newspaper illustrated Glavproduct as Russia's leading canned food manufacturer, along with much more than five hundred brand names of prerecorded meat, condensed dairy and tinned fish as well as vegetables.Short-lived authorities management of the taken resources will be actually supervised through Russia's Federal Agency for Condition Property Monitoring, Rosimushchestvo, depending on to Putin's mandate.The USA as well as European Union blocked out or even seized more than $350 billion of state and private assets as component of Western nods over Russia's 2022 infiltration of Ukraine. EU member states agreed in May to use billions of europeans in monetize the frozen resources to aid upper arm Ukraine and cash its own post-war repair.