📌 Bloomberg reports that Russia wants to rejoin the USD system. Specifically, Russia proposes economic cooperation with the US if an Ukraine agreement is reached. The sectors include oil and gas, LNG, minerals, and nuclear. At the same time, signals are being sent to reopen the market for American businesses. Clearly, Russia wants to reconnect with the USD payment system.


After 2022, Russia has intensified de-dollarization, shifting towards CNY, bilateral payments, and gold accumulation. It seems Russia is reconsidering the costs of staying outside the US financial network. Energy trade is a huge, steady cash flow. If they return to USD payments, Russia is indirectly supporting the petrodollar and turning away from BRICS.
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