Corporate digest

JB Foods

JB Foods on Wednesday (Mar 16) said that it expects its business in Russia to be negatively impacted in the short term due to various factors such as the massive devaluation of the Russian rouble and supply chain disruption from the ongoing conflict.

The company, however, noted that it operates in the food and beverage sector, which is considered an essential industry and is not impacted by the current raft of sanctions that is sweeping across Russia, and is hence unlikely to face any immediate demand destruction.