Kremlin Considers Dollar Return, US Economic Reset Under Trump: Bloomberg Report

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CNBC TV18•12-02-2026, 23:14
Kremlin Considers Dollar Return, US Economic Reset Under Trump: Bloomberg Report
- •Kremlin document reviewed by Bloomberg suggests Russia may return to the US dollar for economic reset under a Trump administration.
- •Proposal includes Moscow rejoining the dollar-based settlement system, even for energy trade, reversing Putin's de-dollarization policy.
- •Russia had actively pursued de-dollarization since before the 2022 Ukraine invasion to counter Western financial pressure and sanctions.
- •The internal memo outlines seven areas of potential US-Russia cooperation linked to a future Ukraine peace deal, including joint oil/LNG projects and critical minerals access.
- •Rejoining the dollar system would expand Russia's foreign exchange market and reinforce the dollar's global reserve currency status, offering a geopolitical win for Trump.
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