(Reuters) –Estee Lauder Cos Inc has cut its full year sales forecast for Tuesday due to new COVID-19 restrictions in China, Russia and Ukraine’s invasion. This dampens demand for luxury cosmetics makers.

In premarket trading, the shares of the company were lower by 9% due to low volumes.

Manufacturer of MAC lipsticks, Bobbi brown foundations was still under severe pressure due to product shortages.

Net sales are expected to increase between 7% to 9% for the entire year, which is a decrease from its previous forecast of an increase of 13% to 16%.

Estee reported that net sales from Russia and Ukraine fell after Russia suspended all commercial activity, which included the closing of all Russia-based stores.

For the year to date, it expects an adjusted annual profit between $7.05 per share and $7.15 per shares, which is a significant increase from its previous outlook of $7.43 per share and $7.58 respectively.