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I'm John Gatser.

This is CBSI in the world welcoming Michael Bernstam, the Hoover Institution, to follow

the Russian economy under severe sanctions.

To mention, Russia's war on Ukraine has fueled a massive brain drain.

This, according to Markets Insider, what we have here is by estimates 80% of those who

have left Russia before and after the draft are college educated and 86% are under the

age of 45.

This is damage to Russia's economy for the balance of this century.

However, I turn immediately to a mystery that puzzled me these last weeks and Michael

Bernstam, my colleague, had an answer, but we didn't have evidence until now.

Well, a very good evening to you, the headline in the financial times is the evidence that

we were looking for.

Chinese lenders extend billions of dollars to Russian banks.

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