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, reportedly identifies seven areas where Russian and U.S. economic interests could align following a potential settlement of the Ukraine war.
The report said that the Kremlin proposals suggest Russia could once again embrace the dollar as part of a broader economic partnership with Washington.
According to the article, the proposed areas of cooperation include promoting fossil fuels over renewable energy, as well as joint ventures in natural gas projects, including Siberian gas fields, and collaboration on strategic minerals and rare earth elements.
The document also reportedly highlights significant commercial opportunities for U.S. companies.
These could include reconstruction contracts, partnerships in energy extraction projects, broader access to Russian markets, and investment gains tied to large-scale resource development.
Reuters said it could not independently verify the report.
The United States had been considering potential sanctions relief for Russia as U.S. President Donald Trump sought to restore ties with Moscow and bring the Ukraine war to an end.
However, 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, suggesting that sanctions pressure could still remain in place.
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NATO member Romania reported on Friday that a Russian drone injured two people in the southeastern city of Galati during an overnight attack on neighbouring Ukraine. The incident marks the first time in the war that a drone has struck a densely populated area in Romania and caused injuries.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 29 May, covering the latest developments you need to know.
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
European Commission President Ursula von der Leyen has said she discussed Ukraine’s path to European Union membership with President Volodymyr Zelenskyy, as Brussels signals key weeks ahead for accession talks.
The U.S. and Iran have reportedly reached a preliminary 60-day ceasefire and nuclear talks deal, pending Donald Trump’s approval, Axios reports. Meanwhile, the GCC condemned Iran’s missile strike on a U.S. airbase in Kuwait, which Tehran said was retaliation for a U.S. strike near Bandar Abbas.
The World Health Organization (WHO) says ongoing conflict, funding pressures and international travel restrictions are complicating efforts to contain a fast-growing Ebola outbreak in the Democratic Republic of Congo (DRC).
Bolivia’s President Rodrigo Paz has taken steps towards potentially declaring a state of emergency as anti-government protests intensify in the early months of his administration.
Russian President Vladimir Putin arrived in Kazakhstan on Wednesday for a three-day state visit focused on energy, transport and economic cooperation with one of Moscow’s closest regional partners.
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
India is expected to experience its weakest monsoon in more than a decade in 2026, raising concerns over crop production, food prices and economic growth as the country also grapples with inflationary pressures linked to the Iran conflict.
Kenyan authorities have arrested eight students on suspicion of arson following a fire at a girls’ boarding school that killed 16, according to the country’s Directorate of Criminal Investigations. The blaze, which happened in Kenya's Rift Valley, also injured dozens of students.
The British government has unveiled 300,000 new work experience and training placements for young people after a major review warned that rising youth unemployment could leave more young people disconnected from work, education and training.
Billions of dollars' worth of gold continue to be extracted illegally from Brazil’s Amazon rainforest, according to a Greenpeace study, despite President Luiz Inácio Lula da Silva’s pledges to curb wildcat mining.
Soaring temperatures across Europe have broken records in Portugal and sparked heat alerts in Italy and France, affecting events including the French Open tennis tournament.
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