Kremlin Memo Proposes Return to Dollar System, Fossil Fuel Push for Trump Deal

• An internal Russian document reviewed by Bloomberg outlines proposals for Russia to re-embrace the dollar as part of an economic partnership with a Trump administration.
• The memo details seven points where Russian and US economic interests could converge, including joint investments in fossil fuels and critical raw materials.
• A key proposal is Russia's return to the dollar settlement system, a significant reversal of current Kremlin policy aimed at de-dollarization.
• The plan also suggests preferential conditions for US companies in Russia and cooperation on nuclear energy and aviation contracts.
• Western officials express skepticism, noting the proposals could deepen divisions between the US and European allies and run counter to Russia's deepening ties with China.