This is CBS Eye on the World.

Here's John Bachelorette.

Sanctions, since the beginning of this war now a year plus, Russia has been under severe

sanctions for its prize, its oil, its natural gas, but also its refined products.

In these last days, the revenue coming to the Russian state to continue the war is plunging

the headline, for example most recently, Russia's oil and gas revenue plunged 40% in January

as Western sanctions take a toll.

Our expectation, said an expert, is that this oil and gas revenue decline will be steeper

in the next months to come.

Yes, but ask yourself, who's making money?

The state in Moscow is not making money, but someone is in between the Russian oil producing

and the purchasing of Russian oil throughout the Indo-Pacific.

Michael Berenstopp of the Hoover Institution is here to explain how opportunity knocks

and a whole lot of people answered in Russian oil shipments.

Michael, a very good evening to you.

What fleet?

Where?

Who's making money?

Good evening to you.

And now 600 tankers and oil vessels around the world are unaccounted for no one knows who owns

them.

I'll transport Russian oil to the middle men and traders who sell it.

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