CoinDesk Podcast Network - BREAKDOWN: Russian Banks Cut Off From SWIFT, Central Bank Reserves Blocked as West Responds

The latest in the economic dimension of the conflict.

This episode is sponsored by Nexo, Arculus and FTX US. 

Today on “The Breakdown,” NLW looks at what we learned over the weekend about the U.S. and European Union’s response to the Russian invasion of Ukraine. The West significantly increased its economic pressure on Russia, removing some banks from SWIFT as well as freezing the foreign reserve assets of Russia’s central bank. As Monday dawned, the Russian ruble was sent tumbling, major Western corporations were withdrawing their investments from Russia, and Putin and Russia began their economic counters as well.  

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Diego Puletto/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.



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The Gist - Are We Crazy To Think Putin Is Crazy?

The Russian President is tough, cruel and ambitious. But now that he's suffered setbacks, we're hearing he's also mad.

On Todays Show Mike considers how useful it is to dwell on Putin's mental health and how accurate it is to tell ourselves that the Ukrainian resistance is indomitable. Plus, Garrett Graff author of Water Gate: A New History stops by to tell us what’s new in the land of Nixon.


Produced by Joel Patterson and Corey Wara

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Consider This from NPR - Russia Meets A Strong Resistance

Russia's war against Ukraine rages on, but for now Russian troops appear to have been met with a level of resistance they were not prepared for. While the U.S. and its allies have pulled together in an attempt to cripple Russia's economy.

NPR's Chief Economic Correspondent Scott Horsley reports on sanctions have led to Russia's currency falling, which will mean higher prices for Russians.

In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.

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Motley Fool Money - Russia: Explaining Sanctions and SWIFT

The fallout from Russia's invasion of Ukraine has investors asking a lot of questions. And while some in the financial media are eager to draw quick and hard conclusions, there are still a lot of unknowns. (0:25) Bill Mann discusses: - The impact of U.S. and European economic sanctions - SWIFT (Society of Worldwide Interbank Financial Telecommunications) and why it's so important - Switzerland abandoning its neutrality in favor of freezing Russian assets - His continued interest in the oil & gas industry right now - An important step anyone should take before making charitable contributions The website we discussed is http://charitynavigator.org Host: Chris Hill Guest: Bill Mann Engineer: Rick Engdahl

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The Commentary Magazine Podcast - Should We Be Triumphant or Terrified?

By all accounts, Russia’s war in Ukraine is going badly for Moscow. Vladimir Putin is now confronted with a geopolitical environment that is wholly arrayed against Western interests. That’s good for civilization, but Putin may feel he has no choice but to engage in a standoff with the West in response. Source

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Unsettled - How ANCSA reinforces, and clashes, with subsistence traditions

With guests Pete Schaeffer of the Native Village of Kotzebue and Mike Miller of the Sitka Tribe of Alaska, we examine ANCSA's intersection with Indigenous subsistence traditions. With guest host Aaron Leggett, we explore how the natural resource development encouraged by ANCSA can sometimes conflict with subsistence harvests and land stewardship, and other times enhance them.