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The John Batchelor Show

S8 Ep904: Michael Bernstam explains Russia's dependence on China for technology and energy exports. Despite short-term gains from high oil prices, Russia remains a junior partner struggling with domestic refinery issues caused by Ukrainian drones. (6/16)

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 21 May 2026

⏱️ 10 minutes

🧾️ Download transcript

Summary

Michael Bernstam explains Russia's dependence on China for technology and energy exports. Despite short-term gains from high oil prices, Russia remains a junior partner struggling with domestic refinery issues caused by Ukrainian drones. (6/16)
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Transcript

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0:00.0

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For full terms, visit the QVC website. I'm John Bachelor.

1:19.3

Vladimir Putin lands in Beijing days after Donald Trump landed in Beijing.

1:24.3

The conversation is profoundly different, though, between the leader of the Russian Federation

1:28.4

and the head of the People's Republic of China's Communist Party, Xi Jinping. I welcome Michael

1:35.1

Bernstam of the Hoover Institution, who's been my guide on Russia and its sanctions since the

1:41.7

attack on Ukraine many years ago. Michael, a very good evening to you.

1:45.8

I have from several news reports recently that the Russian economy is profoundly troubled.

1:51.0

And yes, the surplus, the premium that is on oil right now, over $100, that is helpful for the

1:59.9

Russian budget to close the gap.

...

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