Guest Name: Michael Bernstam • Affiliation: Hoover Institution • Summary: The segment discusses Russia's energy deals with China, including the Power of Siberia pipelines, noting financing and pricing disputes. Michael Bernstam highlights Russia's strugg
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 5 September 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
• Affiliation: Hoover Institution
• Summary: The segment discusses Russia's energy deals with China, including the Power of Siberia pipelines, noting financing and pricing disputes. Michael Bernstam highlights Russia's struggle with declining oil prices, leading to budget deficits and losses for major oil companies. China and India are benefiting from discounted Russian crude, processing it for sale to Europe, bypassing sanctions. Secondary sanctions on China could disrupt this trade. 1918 bake
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Building a coffee business? |
| 0:01.9 | Serving the best Americano in town is up to you. |
| 0:04.1 | But winning back time and growing your business, leave that to sum up. |
| 0:07.1 | Take orders and payments anywhere with the new SumUp terminal. |
| 0:09.9 | Turn occasional customers into regulars with a free loyalty program. |
| 0:13.4 | And with the SumUp point of sale system, you'll always know when you're running low on your best selling blends. |
| 0:17.9 | Visit sumup.co.uk to learn more. |
| 0:24.0 | This is CBS. I'm the world. I'm John Batchel. Vladimir Putin and Xi Jinping. |
| 0:30.7 | The No Limits Partnership. However, there are deals to be made about energy, |
| 0:36.5 | and I read a headline from Al Jazeera in these last hours. |
| 0:41.1 | Russia-China-Inc deal to build new gas pipeline as they deepen energy ties. Subhead, Moscow and Beijing |
| 0:50.1 | agreed to advance a major gas link via Mongolia. |
| 0:58.9 | Helping me understand these headlines, Michael Bernstom of the Hoover Institution, |
| 1:03.7 | my guide on the sanctions regime on Russia for its aggression in Ukraine. |
| 1:09.8 | Michael, for some time, a very good evening to you, you pointed to the ambition of Russia to build a gas pipeline from Siberia into China |
| 1:14.0 | and not have to worry about shipping the shadow fleet interruptions in some fashion and the damage |
| 1:21.5 | that can happen to a reputation when you're clearly defying sanctions by buying oil from Russia, a direct gas pipeline. |
| 1:29.8 | But who's got the money? |
| 1:32.1 | Now they claim a deal has been inked. |
| 1:33.7 | What do we know about it? |
| 1:34.7 | Good evening to you. |
| 1:35.9 | Good evening to you. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from John Batchelor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of John Batchelor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.