According to the agency, the memorandum was prepared in 2026, circulated among high-ranking Russian officials, and has not previously been published. Bloomberg was unable to confirm whether the document's provisions were shared with the American side. President Vladimir Putin's press secretary, Dmitry Peskov, did not respond to the agency's email request.

Bloomberg claims that the document outlines seven areas where, in the Kremlin's view, Russian and US economic interests could align following a peace agreement on Ukraine. Specifically, it proposes joint promotion of fossil fuels over "green" alternatives, as well as investments in natural gas, offshore oil, and critical raw materials, which could bring significant benefits to American companies. Seven points of the memorandum

Areas where, according to the Kremlin memo, US and Russian economic interests may converge include:

* 1 - Long-term aviation contracts for the modernization of the Russian aircraft fleet, as well as possible US participation in Russian aircraft production.

* 2 - Joint oil and LNG projects, including offshore and hard-to-recover reserves, taking into account previous US investments and the possibility of compensating for past losses of US companies.

* 3 - Preferential terms for the return of US companies to the Russian consumer market.

* 4 - Cooperation in nuclear energy, including AI-related projects.

* 5 - Russia's return to the dollar settlement system, possibly including energy deals.

* 6 - Cooperation on raw materials, including lithium, copper, nickel, and platinum.

* 7 — Joint promotion of fossil fuels as an alternative to climate change ideology and low-emission solutions that favor China and Europe.

"A Striking U-turn"

Bloomberg calls Russia's potential return to dollar-denominated settlements a "striking U-turn" for the Kremlin and a step that could lead to a major restructuring of the global financial system.

As the agency notes, the United States has already proposed gradually lifting sanctions against Russia as part of a possible peace agreement—a necessary first step to resuming dollar-denominated settlements.

According to Bloomberg, long before the military conflict, Vladimir Putin was working to reduce Russia's dependence on the U.S. dollar as part of efforts by competing economic powers to undermine U.S. financial hegemony. The practical significance of this policy became apparent after the United States and its allies used control over dollar settlements to impose sanctions against broad sectors of the Russian economy. Since then, Moscow has sought to develop trade in alternative currencies and settlement systems, primarily with China, but also with a number of other countries, including India, the agency notes. US Response

Western officials familiar with the memorandum told Bloomberg that some proposals appear to be designed specifically to deepen disagreements between the US and Ukraine's European allies. Others, they said, are vague promises with potentially large figures that could sway the US president toward a deal, but ultimately fail to materialize.

They also noted that it is unlikely the Kremlin would want to sharply distance itself from China, as Beijing has become a critical supplier of components and raw materials for the Russian military industry after Western sanctions cut off alternative sources.

At the same time, the memo states, a return to the dollar system would allow Russia to expand its foreign exchange market and reduce balance of payments volatility. For the US, the document notes, such a move would further strengthen the dollar's position as the global reserve currency and could reduce global trade imbalances by equalizing energy costs between China and the US.