Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
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Russia proposes economic cooperation with Trump, focusing on fossil fuels and potential sanctions relief.
Feb 12 (Reuters) - Russia has outlined potential areas for economic cooperation with the Trump administration, including a possible return to using the U.S. dollar in bilateral dealings, Bloomberg News reported, citing an internal Kremlin memo.
The senior-level document, dated this year, sets out seven areas where Russian and U.S. economic objectives align after any Ukraine war settlement, the report said.
These include cooperation on promoting fossil fuels over renewable energy, as well as collaborative ventures in natural gas, offshore petroleum and strategic minerals that could benefit American firms, it said.
Reuters could not immediately verify the report.
The United States had been drawing up plans for potential sanctions relief for Russia as President Donald Trump sought to restore ties with Moscow and end the Ukraine war.
But in January, a U.S. official said Trump would allow a bipartisan sanctions bill targeting countries doing business with Russia to move forward in Congress.
(Reporting by Dagmarah Mackos; Editing by Rod Nickel)
The main topic is the potential economic cooperation between the US and Russia under the Trump administration.
Proposed areas include fossil fuels, natural gas, offshore petroleum, and strategic minerals.
Sanctions relief could facilitate US-Russia economic collaboration and benefit American firms.
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