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
Should l Buy ?
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.
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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.
