The Kremlin has prepared proposals for the US on Russia's return to dollar settlements
Bloomberg reported that the Kremlin would like to return Russia to the international dollar-based payment system as part of a broad economic partnership with the administration of US President Donald Trump. The report refers to an internal document prepared in 2026 and, according to the publication, distributed among high-ranking Russian officials.
The memo outlines seven areas where, according to the authors of the document, the interests of Russia and the US may coincide after agreements to end the war in Ukraine. These include long-term aviation contracts to modernise the Russian aircraft fleet and possible US participation in manufacturing in the Russian Federation. Separately mentioned are joint projects in the oil industry and liquefied natural gas, in particular offshore and complex resources, as well as the opportunity for American companies to return to the Russian consumer market on preferential terms.
The document also provides for cooperation in the field of nuclear energy, including projects related to artificial intelligence. Another section concerns cooperation on raw materials, in particular lithium, copper, nickel and platinum. A separate point is joint work on promoting fossil fuels as an alternative to low-emission solutions.
Bloomberg calls Russia's possible return to the dollar settlement system, including in energy agreements, a key proposal. The publication notes that the US has already proposed a gradual lifting of sanctions against Russia as part of any peace agreement, which could be a necessary step to resume dollar transactions.
At the same time, it remains unclear whether Russia has communicated any of the points in this memo to the American side. Putin's spokesman Dmitry Peskov did not respond to a request for comment.
Separately, it is mentioned that in early February, Ukrainian President Volodymyr Zelensky announced parallel discussions between Russia and the US on large-scale bilateral economic agreements alongside peace talks. According to him, information about Moscow's proposals, which he called the Dmitriev package in honour of negotiator Kirill Dmitriev, was gathered by Ukrainian intelligence. Dmitriev also heads the Russian Direct Investment Fund.
