Investing.com — Russia is considering a return to the dollar settlement system as part of a potential economic partnership with the Trump administration, according to an internal Kremlin document reviewed by Bloomberg.
The high-level memo, drafted this year, outlines seven areas where Russian and US economic interests could align following a potential deal to end the Ukraine war. The proposal envisions collaboration on fossil fuels over green alternatives, joint investments in natural gas, offshore oil, and critical raw materials, with benefits for US companies.
The document, which circulated among senior Russian officials, provides insight into Kremlin thinking as economic agreements between the US and Russia are being discussed as a key component of any future Ukraine peace accord.
At the center of the proposal is Russia’s potential return to the dollar settlement system, which would represent a dramatic reversal of current Kremlin policy and could significantly impact global finance.
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