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Kremlin Memo Floats Return to Dollar in U.S. Deal Linked to Ukraine Peace

The internal plan, reported by Bloomberg, conditions any U.S.–Russia economic reset on a Ukraine settlement tied to sanctions relief.

Overview

  • An internal Russian document reviewed by Bloomberg centers on resuming dollar settlements, potentially including energy trade, as the core of a seven-point proposal to Washington.
  • The package outlines long-term aviation contracts, joint oil and LNG projects, nuclear and AI cooperation, renewed access for U.S. consumer firms, partnerships on critical minerals, and promotion of fossil fuels over greener options.
  • Ukrainian President Volodymyr Zelenskiy said intelligence detailed the offer, which he referred to as the 'Dmitriev Package' after Kremlin negotiator Kirill Dmitriev.
  • Western officials cited in the reporting question whether Vladimir Putin would accept a deal seen as conflicting with Russia’s deepening reliance on China under sanctions.
  • Whether Moscow has formally pitched the plan to the United States remains unclear, the Kremlin declined to comment, and the memo argues a dollar return would steady Russia’s foreign exchange and reinforce the greenback’s global role.