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

 

On this edition of the “Weekly Recap,” NLW looks at the latest news regarding Russia’s economy. Vladimir Putin is trying to leverage energy exports to prop up the ruble. But can he really make Europe and the rest of the world pay with rubles? And if he does, what are the implications for the U.S. dollar as a global reserve currency? 

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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Eleanor Pahl, 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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Manuel Augusto Moreno/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.