The Economic Times

Russia may return to US dollar settlement system in Trump deal: what the proposed US - Russia economic partnership includes and is BRICS de-dollarization now a dead game?

Over 60% of BRICS trade now settles in local currencies. That shift could slow fast. Russia is considering a return to the US dollar settlement system under a potential Trump economic deal. The proposal includes joint energy projects, natural gas investments, offshore oil, and critical minerals. A dollar comeback would reshape global finance. It could weaken BRICS de-dollarization efforts. This isn't just an trade deal; it's a peace lever. The Kremlin document suggests that these economic carrots are being dangled as the reward for a finalized settlement in Ukraine. Markets are watching currency and energy trade signals closely.