archiveKremlin BRICS response

Currencies

After Trump renews tariff threat, Russia, India say no plan for common BRICS currency | World News

Russia on Friday dismissed a renewed threat from US President Donald Trump to impose tariffs on the BRICS group of nations if it were to establish its own currency, stating that no such plan existed. On Thursday, Trump reiterated his warning to BRICS member countries against replacing the US dollar as a reserve currency, repeating a threat of 100 per cent tariffs that he had first made weeks after winning the November presidential election. However, Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not...