Russia’s legal action against U.S. owner of seized canning company raises industry concerns

Russian prosecutors have initiated legal proceedings against Leonid Smirnov, the U.S.-based owner of Glavprodukt, a leading Russian canned food manufacturer. The lawsuit alleges that Smirnov illicitly transferred approximately $15.5 million out of Russia over the past two years. In October 2024, President Vladimir Putin issued a decree placing Glavprodukt and other assets owned by Universal…

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