After the start of the war, restrictions on dollar transactions affected broad sectors of the Russian economy, which led the Kremlin to promote trade in alternative currencies and to deepen financial ties with China, India, and other countries. In that context, the possibility of resuming operations in dollars represents a significant change in direction.
According to the document, adopting the dollar again would allow Russia to expand its foreign exchange market and reduce the volatility of its balance of payments. For the United States, the memorandum argues, this measure would strengthen the dollar's role as a global reserve currency and could help reduce trade imbalances by equalizing energy costs between China and the United States.
