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The John Batchelor Show

#Russia: The Kremlin begins confiscation of assets of investors. Michael Bernstam, Hoover

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 19 May 2023

⏱️ 9 minutes

🧾️ Download transcript

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#Russia: The Kremlin begins confiscation of assets of investors. Michael Bernstam, Hoover

https://on.ft.com/42He3yA


Transcript

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0:00.0

Presenting Hop On Board, a podcast series by Southeastern, six podcasts, six celebrity

0:06.2

hosts, taking you on a whistle-stop tour of some of the best places to explore by rail

0:10.8

on the Southeastern network.

0:12.4

Join Greg Wallace as he tucks into delicious food and drink, rave-wilding, uncovering

0:17.2

unsolved mysteries and spooky happenings, and Miranda Sawyer getting Artie on the Ken

0:21.9

Coast.

0:22.9

Get the inside track on Kenton East Sussex with Hop On Board, listen now wherever you

0:27.2

get your podcasts.

0:30.0

This is CBS I On The World.

0:37.0

I'm John Batchett.

0:38.0

The Russian economy under severe sanctions more and more each week, and yet the reports

0:43.8

are the Russians have found a way with their allies overseas to move oil, to move refinery

0:50.6

products, to move a lot of equipment into Russia in exchange for oil or energy or natural

0:58.0

gas or promises.

0:59.7

And yet one aspect of the Russian economy had not occurred to me until I read it in the

1:04.9

financial times, and I welcome Michael Bernstom of the Hoover Institution to help me solve

1:10.7

this puzzle.

1:12.3

It's confiscation.

1:13.6

That is right.

1:15.0

Russia was the recipient of a great amount of investment from outside Russia to develop

1:21.3

those energy fields and all of the attendant businesses that derive from an abundance of

1:27.0

riches.

...

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