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this is cbias

i am the world i'm john bachelor i welcome alcovine This is CBS, High on the World, I'm John Batchelor.

I welcome Michael Bernstein of the Hoover Institution commenting on the sanctions regime

directed at the Russian Federation for its predation towards Ukraine.

The headline of the Financial Times, an op-ed piece written from the Carnegie point of view,

Russia's new budget is a blueprint for war, despite the cost. What we learn is that Russia's 2025 new budget is

dominated by defense needs, rising, raising defense spending by a dramatic amount so that it looks according to this

calculation to be 8% of Russia's GDP 40% of all federal expenditure. Where's the

money coming from? Sanctions were supposed to strangle off

the source of income. Michael, a very good evening to you. You have very carefully

explicated these last months and years that the sanctions are working.

Perhaps not the way they were supposed to initially as fast as but they are working

especially when it comes to oil. so michael good evening to you

...