Moscow plans to use seized US-owned company to feed Russian army, document shows By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Source: Investing.com
Glavprodukt Seizure: The American-owned canned food maker Glavprodukt has been seized by the Kremlin and is now under state control, with plans to supply food to the Russian army, raising concerns about U.S.-Russia relations amid ongoing negotiations to end the war in Ukraine.
Potential Beneficiaries: The new management of Glavprodukt was appointed at the request of Druzhba Narodov, a food producer previously supplying Russia's national guard, suggesting that key figures like Alexander Tkachev, who has ties to the Kremlin and sanctions against him, may benefit from the expropriation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
