This is CBS Eye on the World. Here's John Batchelor.

I welcome my colleague Michael Bernstein, at the Hoover Institution, my guide on the sanctions regime directed against Russia since the unprovoked attack against Ukraine.

However, right now we're reaching a point with a new president.

There's much in the news about a possible negotiation in some fashion.

What is the Russian situation right now, given that we've had it described as everything for the front

for the last year, war Keynesianism, military Keynesianism. I look at an article at Foreign Affairs

for Distinguished Magazine by Alexander Propenko. The title, Putin is not yet desperate.

The sum of this article, it's article, a lot of moving parts, is that Putin has about a year, maybe a little more,

before a combination of inflation and despair overwhelm his population.

Will that lead to change? No, but it will lead to a disaster for the pensioners.

Michael, a very good evening to you. A year is a long time to wait, especially for the new

administration that looks to be moving very quickly. What is the governor on Putin's timeline? How much time does he have

before the inflation overwhelms? Good evening to you. Good evening to you. And this article

you mentioned may be right for a wrong reason. The problem is that the future of Russian

capacity to finance the war and the war has to be financed, depends on

several things. And two most important are the price of oil, and the other one is the situation

with the budget deficit and how to finance the budget deficit. And so it's a fiscal problem, and it is oil market.

And the current sanctions significantly, significantly reduced the Russian ability to export

oil because the two major markets, two principal markets for the Russian oil war, China and India, and they

continue to be. But because of the sanctions under Russian shadow of fleet, the so-called

shadow of fleet that transports Russian oil and doesn't have Western insurance and consists

of all decommissioned tankers, These sanctions are seriously, seriously received in China and India.

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