Bloomberg: Kremlin proposes return to dollar in agreement with US

According to Bloomberg, the Kremlin has prepared a memorandum outlining possibilities for extensive economic partnership with Donald Trump's administration after the possible end of the war in Ukraine. The document describes seven areas in which the economic interests of Russia and the US could converge.

These include cooperation in the field of fossil fuels, joint investments in oil, gas, and critical raw materials, and potential revenues for US companies.

At the heart of the proposal is Russia's return to the dollar billing system, which would mark a significant shift from Moscow's previous efforts to reduce its dependence on the US currency. The US has previously hinted at the possibility of gradually easing sanctions as part of a peace agreement.

Western officials familiar with the document consider it unlikely that Moscow would turn away from China, which has become a key partner for Russia since the sanctions were imposed. According to the memorandum, a return to the dollar could help Russia stabilize its balance of payments and expand its foreign exchange market.

For the US, according to the document, this would strengthen the dollar's position as a global reserve currency and could help balance energy prices between China and the US.

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