Join Larry Mantle weekdays for lively and in-depth discussions of Los Angeles and Southern California news, politics, science, entertainment, the arts and more. More AirTalk at www.kpcc.org.
…
continue reading
MP3•Episode home
Manage episode 522522265 series 96788
Content provided by Audioboom and John Batchelor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audioboom and John Batchelor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
- Russia's Financial Desperation: Failed Bond Issues and Discounted Oil — Michael Bernstam — Bernstamdocuments Russia's systematic struggle to finance its expanding budget deficit and war costs through issuance of "Panda bonds" denominated in Chinese renminbi, efforts that have largely failed as Chinese investors regard Russian sovereign debt as excessively risky. Bernstam documents that Russia's oil revenue is severely constrained by Western sanctions enforcement, forcing Moscow to sell crude petroleum at approximately $40 per barrel compared to global market prices exceeding $60, while the European Union remains gridlocked regarding authorization to utilize frozen Russian assets for Ukrainian defense funding.
1906 NORTHSIDE PEKING
52772 episodes