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Putin's Unexpected Dollar Move Catches Trump Off Guard; BRICS Braces For Impact | DETAILSFeb 13, 2026, 12:08:52 PM | TOI.inAn internal Kremlin memo reviewed by Bloomberg outlines a sweeping proposal for economic cooperation between Russia and the Trump administration, including a potential return to the dollar settlement system. The plan details joint investments in oil, gas and critical minerals, expanded nuclear and aviation cooperation, and preferential treatment for U.S. firms. A shift back to dollar-based transactions would mark a dramatic reversal of Moscow’s efforts to reduce reliance on the U.S. currency after sanctions over Ukraine. Analysts say such a move could reshape global finance, impact Russia-China ties, and significantly alter the geopolitical balance of power. Watch