The Kremlin apparently has a highly ambitious proposal for finally mending relations with the United States and wooing the Trump administration to its side regarding resolution to the Ukraine war.
It centers onRussia weighing a return to the dollar-based settlement system as part of a broader economic resetwith the White House, according to an internal Kremlin memo reviewed byBloomberg.
The high-level document drafted this year lays out seven sectors where Russian and US economic interests could converge in the aftermath of a Ukraine war settlement.
One central item is the call forpivoting back to fossil fuelsover green energy, expandingjoint ventures in natural gas and offshore oil, while partnering on critical minerals - with significant upside for American firms.
The partnership would include, per theBloomberg report:
1. US and Russia working together on fossil fuels
2. Joint investments in natural gas
3. Offshore oil and critical raw material partnerships
5. Russia's return to the USD settlement system
The memo was reportedly circulated among senior Russian officials and would mark a dramatic and sharp reversal from the Kremlin's de-dollarization push, with obvious major implications for global financial flows.
Source: ZeroHedge News
