This is CBS.

I on the world.

I'm John Batchel.

Michael Bernstump from the Hoover Institution joins my guide on the sanctions regime

towards Russia for its aggression in Ukraine.

Winter coming on.

Europe is preparing for a cold winter.

However, there's an article at the Foreign Affairs

magazine, a distinguished publication by Theodore Bunzel and Eleanor Rybukova. That is the recapitulation

of everything Maggels taught me for the last three years. I recommend the article.

It's a fast course in Bernstomism. The Russian economy remains

Putin's greatest weakness. You bet it is. And we begin with an industry we've not talked about

previously. Coal, that is, the old-fashioned go down into the mines and extract coal. Michael,

a very good evening to you.

The coal industry is in doubt in Russia.

Why?

What's happened?

Good evening to you.

Good evening to you.

And the article you mentioned in foreign affairs says based on interviews with various executive

of major companies that because of the high interest rates and declining

exports and declining revenues, several of Russian industries may go into bankruptcy or

...