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The John Batchelor Show

#RUSSIA The Kremlin banks in Beijing. Michael Bernstam

The John Batchelor Show

John Batchelor

News, Arts, Books, Society & Culture

4.52.8K Ratings

🗓️ 18 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary


#RUSSIA The Kremlin banks in Beijing. Michael Bernstam, Hoover Institution.
https://www.msn.com/en-us/news/other/the-desperate-alignment-of-russia-china-iran-and-north-korea/ar-BB1lKAsA
1900 Moscow

Transcript

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0:00.0

This is

0:05.0

CBSI in the world. I'm John Bachelor at Washington Post.

0:10.0

Increasingly common in Washington to view the various conflicts around the world as part of one big narrative.

0:16.0

Hardly without reason, the Washington Post reported, U.S. officials say Iran has bolstered its defenses against a potential retaliatory struck by Israel with

0:25.9

purchase of Russian weapons part of a strategic alliance forged by the Kremen's invasion of Ukraine in 22 and the extensive use of Iranian manufactured drones.

0:37.0

I go to Michael Berenstop of the Hoover Institution has been watching Russian economy since before the war started because of the sanctions,

0:47.0

because of the work around sanctions, because of the middlemen, because of nations such as India buying oil and China buying oil and now we have

0:56.8

after the attack on Bethlehem Jerusalem, Tel Aviv. We have reason to question whether the sanctions are effective or

1:06.0

whether these four axis powers, Moscow, Tehran, Pyongyang, and Beijing can wall out the world and maintain their war effort just among

1:17.0

their own suppliers. Michael a very good evening to you the attack has

1:21.1

caught everybody unaware of the relationships and they're now

1:24.9

being revealed. Your measure Russia defeats the sanctions and supplies Iran. Russia defeats the sanctions and buys from Iran. How do these four work together

1:36.5

given the sanctions regime? Always secondary sanctions to be issued against anybody caught cheating.

1:42.1

Good evening to you.

1:43.8

Good evening to you.

1:44.8

And last week, Secretary Yellen of the Treasury

1:48.8

visited China and warned the Chinese government about avoiding the sanctions.

1:58.0

And at the same time, already starting in last December, but especially accelerating in March, the Chinese financial system

2:06.7

started to push away Russia.

2:09.0

And suddenly received data which shows that Russian imports from China, Chinese exports to Russia, collapsed

2:16.3

and declined by 16% in March.

2:19.3

And it is going more in April because, not because of the goods are not flowing, but because the banks do not process

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