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13.02.26 - 18:48
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Putin Is Trolling European Leaders With His Proposal To Re-Converge With The US (ZeroHedge)
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Putin Is Trolling European Leaders With His Proposal To Re-Converge With The US
By Bas van Geffen, Senior Market Strategist at Rabobank
Russian officials have drafted a memo that pitches a re-convergence of US and Russian interests. The proposal consists of seven points, including cooperation on critical raw materials and energy, and the possibility that Russia could return to the US dollar settlement system.
The memo was conveniently 'leaked' during an informal retreat of EU leaders to discuss the future of the bloc, and ahead of the Munich Security Conference. It's a plan that Europe and China would hate, but President Trump may love the idea – especially with “preferential conditions for US companies to return to the Russian market” to sweeten the deal.
It's unclear if any of these points were ever pitched to Trump. And why would Russia be so eager to return to dollar settlements, after the US has demonstrated willingness to cut them off? So, it's likely that the Russians are si...
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