Kremlin Floats Oil & Gas Partnership With Washington – Is Russia Planning To Return To US Dollar?

A return to dollar transactions would mark a dramatic shift, effectively placing Russia back within Washington’s financial orbit. (Representataional Image) Photo : iStock Russia may be reconsidering a return to the US dollar as part of a broader economic partnership framework with Washington, according to a Bloomberg report citing an internal Kremlin document. The memo, circulated among senior Russian officials this year, outlines seven areas where Moscow believes its interests could align with the Trump administration — contingent on a potential agreement to end the war in Ukraine. Among the most striking proposals: resuming dollar-denominated settlements, a move that would…