Household goods maker Procter & Gamble Co said in a securities filing on Wednesday that it may not be able to stay in business in Russia because of sanctions, restrictions on financial institutions, supply challenges and monetary controls.

P&G and many of its competitors scaled back their business in Russia in March after Moscow invaded neighboring Ukraine. On Wednesday, P&G cited the war's impact on its retail customers, suppliers and distributors as a factor in whether or not it will be able to stay in business in Russia.
P&G, which also makes Gillette razors, has roughly 2,500 in employees in Russia.

The company said there is a "high level of uncertainty as to how the war will evolve, what its duration will be and its ultimate resolution."

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The company also said its two factories in Ukraine could be destroyed, leading the company to take a financial hit. There are roughly 500 P&G employees in Ukraine.

Before the war, P&G's business in Russia and Ukraine represented 1.5% to 2% of its net sales and global profit, executives said on an earnings call with analysts on Wednesday.

P&G said last month it was ending all new capital investments in Russia and "significantly reducing" its portfolio to focus on basic hygiene, health and personal care items.