INSUBCONTINENT EXCLUSIVE:
President Vladimir Putinsigned a decree Tuesday temporarily handing over control of a major canned food maker to the Russian government.In
April 2023, Putin authorized the government to seize the Russia-based assets of foreign companies from countries the Kremlin views as
orders the seizure of the Glavproduct holding company, several of its subsidiaries and three canning plants
Beverage Company.Universal Beverage isowned by Russian-born U.S
businessmanLeonid Smirnov, who emigrated from the Soviet Union in the 1970s and returned to Russia in the 1990s, according to the Kommersant
EU member states agreed in May to use billions of euros in profits from the frozen assets to help arm Ukraine and fund its post-war
