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Transcripts for CNN CNN Newsroom Live 20240604 06:38:00

sanctions. i m under british sanctions. under u.s. sanctions and under japanese sanctions. and you know what? nothing has changed. i have a japanese car, a toyota. probably i should sell it in retaliation. that s all. nothing else has changed in my life, i assure you. reporter: in downtown moscow international designers have shut up shop. temporarily, they say, and for what the signs on their doors call euphemistically call technical reasons. more than 600 global companies have voluntarily withdrawn from the russian market in whole or in part, and economists are expecting a 10% to 15% contraction in the russian economy, potentially the sharpest recession since the days of the soviet union. so far russia s central bank has managed to prop up the ruble and alleviate some of the initial financial shock. but the russian economy is heading for a difficult place.

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