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Transcripts for CNN CNN Newsroom Live 20240604 07:08:00

him and his administration know very well, there are some very competent on the economic side working there. in today s globalized interconnected world, it s much harder to survive. even though there s been this big drive for import substitution, it s still a real struggle to build everything completely yourself because russia doesn t produce microchips. russia has its own plane the sukhoi super jet that can t run without these engines joint produced with france. so they can t even build any more of their own planes at the moment. they can t import servers which are important for keeping everything from mobile internet to industrial machinery running. so it may be that we don t see the full impact, which there s some estimates it could be more than 10%, maybe even 15% loss to gdp this year, but a lot of people in the business sector in moscow who do know how bad this

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