On Friday, Russia has rejected a new threat from President Donald Trump, saying that there is no such plan to establish its own currencies, imposing tariffs on the national group.
On Thursday, Trump repeatedly warns BRICS member states, replaced US dollars as preparatory currencies, and repeated 100 % tariffs threats a few weeks after winning the presidential election in November.
However, Kremlin’s spokesman Dmitry Peskov revealed that Russia was not considering creating a shared currency, but instead focused on the development of a shared investment platform. 。
“This is not the first time that Trump has issued such a statement, not a new thing. As Reuters quoted, Peskov told reporters.
“The point is that BRICS is not talking about creating a common currency, but this is not the case. BRICS is a new joint investment that enables joint investment and mutual investment in the third country. We are talking about the creation of platforms, “said Peskov.
“Probably, US experts will probably need to explain Brics Agenda in more detail to Mr. Trump,” he added.
Kremlin had previously stated in December that the United States tried to force the country to use the dollar after Trump issued the same threat to BRICS.
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India is another BRICS member who had to rely on various currencies to buy Russian oil for western sanctions in Moscow, and has been neglected by Trump’s remarks.
“BRICS will make a decision by consensus,” Reuters quoted to the reporters on Friday, Randhir Jaiswal, a spokesman of the Indian Ministry of Foreign Affairs.
“As far as the dollar, our Foreign Minister, which is a derailment problem, clearly says that there is no such policy or such a strategy,” said Jaiswal.
According to Sabramana Jaishan Kar, Foreign Minister of India, the United States is the largest trading partner in India. New Delhi and Washington are discussing Narendra Modi’s early visit to the United States for consultation with Trump.
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The BRICS group was originally composed of Brazil, Russia, India, and China, but has since expanded to include additional countries.
The group has no shared currency, but the long -term discussion on the increase in national currency trade has gained momentum after the western sanctions over the war in Ukraine.
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