Guest Name: Michael Bernstam • Affiliation: Hoover Institution • Summary: The segment discusses Russia's energy deals with China, including the Power of Siberia pipelines, noting financing and pricin

Guest Name: Michael Bernstam • Affiliation: Hoover Institution • Summary: The segment discusses Russia's energy deals with China, including the Power of Siberia pipelines, noting financing and pricing disputes. Michael Bernstam highlights Russia's struggle with declining oil prices, leading to budget deficits and losses for major oil companies. China and India are benefiting from discounted Russian crude, processing it for sale to Europe, bypassing sanctions. Secondary sanctions on China could disrupt this trade. 1918 bake