While JB Foods does not have any physical assets situated in Russia and Ukraine, both countries jointly accounted for about 17% of its 2021 revenue.
JB Foods 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 as well as supply chain disruption.
In a business update, JB Foods said it is actively assessing the conflict situation in Russia and Ukraine and would continue to exercise caution as well as adopt remedial measures to mitigate its impact.
