Kremlin, on Trump tariff threat to BRICS, says the grouping is not planning its own currency
by Reuters Jan 31, 2025
The Kremlin on Friday noted a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, but said there were no such plans.
Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.
But Kremlin spokesman Dmitry Peskov said BRICS, of which Russia is a member, was not talking about setting up its own currency, but merely about creating joint investment platforms.
Peskov said U.S. experts should brief Trump in more detail about what BRICS is doing.
Reuters
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