Moscow prepares proposals paving the way for its return to the dollar payment system
Moscow is formulating proposals that may lead to its return to a dollar payment system as part of a broader economic partnership with the Trump administration.
Moscow is reportedly preparing proposals that could allow it to re-enter a dollar payment system, according to a Bloomberg report concerning internal Russian documents from this year. These proposals aim to align Moscow's economic interests with those of Washington, particularly if an agreement can be achieved to end the ongoing war in Ukraine. The internal memorandum highlights potential areas where cooperation could benefit both nations, potentially involving renewed energy partnerships and economic strategies that would facilitate mutual gains.
The document outlines several key areas of cooperation between Russia and the United States, emphasizing the revival of a dollar settlement system, which could apply particularly in energy transactions involving Russia. Moreover, it considers long-term aviation contracts aimed at modernizing Russia's aircraft fleet, potentially allowing for American participation in manufacturing. Collaborative efforts in natural gas and liquefied natural gas, as well as other strategic materials, are also part of the proposed areas of interest, which could offer substantial opportunities for American companies.
This pivot toward negotiations with the U.S. may signal a significant shift in Russia's economic strategy amid global tensions. By reaching out for potential cooperation, particularly in fossil fuel development at the expense of cleaner energy, Russia seems to be seeking a way to stabilize its economy and regain some leverage on the international stage. This development could have profound implications for both Russia's economic future and U.S. energy policies, especially in relation to ongoing dialogues over sanctions and international energy markets.