Following his recent electoral victory, President
#DonaldTrump has revealed plans to meet with Russian President Vladimir Putin once he resumes office. Addressing a gathering of Republican governors at Mar-a-Lago, Trump confirmed that Putin is eager for a meeting and that preparations are already underway. He made it clear that resolving the ongoing war in Ukraine is a top priority, calling it a "bloody mess" that needs to end. The announcement has raised speculation about a possible renewal of the controversial rapport between the two leaders.
Trump and Putin share a history of cordial exchanges, particularly during Trump's first term when he frequently praised Putin's strategic acumen. Trump referred to Putin as “smart” and even “genius” for his calculated moves on the global stage. This relationship became particularly infamous during the 2018 Helsinki summit when Trump sided with Putin over U.S. intelligence agencies, sparking global outrage. Even after Russia’s invasion of Ukraine in 2022, Trump made positive remarks about Putin’s approach, leading critics to question his alignment with the Russian president. Now, with Trump potentially returning to the White House, Putin is once again extending an olive branch, signaling the possibility of reviving their once-tight relationship.
In a surprising shift, Putin recently backed off from his previous stance of challenging the dominance of the U.S. dollar, noting that Russia was not "rejecting" the currency, but rather denied its use due to Western sanctions. He expressed disdain for U.S. financial policies, claiming that America’s handling of the dollar's dominance could have serious consequences. Meanwhile, Trump’s stance on the U.S. dollar remains firm, as he has threatened to impose 100% tariffs on BRICS nations if they attempt to sidestep the greenback, despite the fact that these nations control a significant portion of global central-bank reserves. These nations, including Russia, have been exploring alternatives like blockchain technology and digital currencies to bypass U.S.-centric financial systems.
As Russia experiments with blockchain-based trade settlements and Bitcoin reserves, Putin views these moves as a way to mitigate the U.S. dollar’s hegemony, while Trump continues to advocate for the dollar's supremacy. The tension between these two leaders could shape the future of the global financial landscape, with both Putin and Trump seeking to assert their economic influence. Whether their goals will clash or align remains to be seen, but it’s clear that both leaders are unpredictable and their decisions will have significant global repercussions.
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