thank you, paul wallace. bloomberg has viewed a confidential russian report that warns of deep and prolonged damage to its economy as a result of western economic sanctions. for more, we are joined by bruce einhorn. we have heard from russia officially saying the impact of sanctions is not severe. of course they are still bringing in money. their debt is nonexistent. what is different about this report? bruce: you are right. the official line from russia is the impact of sanctions is not that bad. the economy will likely shrink by less than 3% this year and next year even better. according to this report bloomberg has seen, a report prepared for an internal meeting and the veracity of the report has been confirmed, it paints a much more dire picture. according to one of the scenarios, the economy could shrink more than 8% by 2023. another scenario has it down almost 12% by 2024. the report talks about the different industries, ranging from agriculture to aviation machine tools, all of them affected by sanctio

paul g. ruback. >> ronald j. ruben. >> joanne rubino. >> david m. ruddle. >> my uncle firefighter salvatore. i wish you were here to see everything the what we have accomplished. >> and my father, roy michael wallace, we love and miss you every day. i wish you were here to experience all of life's moments with me and seem to become the person i am today. although i was too young to make my own memories with you i am forever grateful for the stories i have heard from family and friends. i love you and i hope i am making you proud. [applause] ♪ >> bart joseph ruggiere. >> susan a. ruggiero. >> adam k. ruhalter. >> gilbert ruiz. >> stephen p. russell. >> steven harris russin. >> michael thomas russo, sr. >> wayne alan russo. >> william r. russ. >> edward ryan. >> john joseph ryan, jr. >> jonathan stephan ryan. >> matthew l. ryan. >> tatiana ryjova. >> christina sunga ryook. >> thierry saada. >> jason elazar sabbag. >> thomas e. sabella. >> scott h. saber. >> charlie e. savine. >> joseph francis sacerdote. >> jessica lee sachs. >> francis john sadocha. >> jude safi. >> brock joel safronoff. >> edward saiya. >> john patrick salamone. >> marjorie salamone. >> hernando rafael salas. >> juan g. salas. >>

> paul g ruback >> ronald j ruben >> joanne rubino >> david m ruddle >> my uncle, i wish you were here to see everything we have accomplished. you would be truly proud. >> my father roy michael wallaceery day. i wish you were here to experience all of life's moments with me and watch me become the person i am today. i am forever grateful for all the stories i have heard about you from families and friends. i love you and hope i am making you proud. [applause] bart joseph ruggiere >> susan a ruggiero >> adam keith ruhalter >> gilbert ruiz >> stephen p russell >> steven harris russin >> michael thomas russo, sr >> wayne alan russo >> edward ryan >> john joseph ryan >> jonathan stephan ryan >> matthew l ryan >> christina sunga ryook >> thierry saada >> jason elazar sabbag >> thomas e sabella >> scott saber >> joseph francis sacerdote >> francis john sadocha >> jude safi >> brock joel safronoff >> edward saiya >> john patrick salamone >> hernando salas >> juan g salas >> esmerlin antonio salcedo >> john salerno richard l salinardi, jr >> wayne john saloman >> nolbert salomon >> catherine patricia salter >> frank g salvaterra >> paul richard salvio >> and my brother, i miss you and i lov