Putin seizes U.S. owned canned food maker

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President Vladimir Putin has signed a decree Tuesday temporarily handing over control of a major canned food maker, Promselkhozinvest, owned by the Universal Beverage Company, to the Russian government. In April 2023, Putin authorised the government to seize the Russia-based assets of foreign companies from countries the Kremlin views as “unfriendly,” a move widely seen as retaliation…

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