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Kremlin rejects Trump's assertion that BRICS targets the dollar

Published by Global Banking & Finance Review

Posted on October 15, 2025

1 min read

· Last updated: January 21, 2026

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Kremlin rejects Trump's assertion that BRICS targets the dollar
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MOSCOW (Reuters) -The Kremlin said on Wednesday that the BRICS group of nations has never targeted third countries or their currencies, rejecting U.S. President Donald Trump's assertion that the bloc

Kremlin Denies Trump's Claim That BRICS Aims to Undermine Dollar

Kremlin's Response to Trump on BRICS

MOSCOW (Reuters) -The Kremlin said on Wednesday that the BRICS group of nations has never targeted third countries or their currencies, rejecting U.S. President Donald Trump's assertion that the bloc was designed to undermine the dollar.

Trump's Comments on BRICS

Trump on Tuesday described BRICS as "an attack on the dollar" and spoke of his threat to impose tariffs on its members.

BRICS Vision of Cooperation

Kremlin spokesman Dmitry Peskov told reporters that BRICS was a grouping of nations united by a shared vision of cooperation and prosperity.

(Reporting by Gleb StolyarovWriting by Maxim RodionovEditing by Andrew Osborn)

Key Takeaways

  • Kremlin denies BRICS targets the dollar.
  • Trump claims BRICS undermines the dollar.
  • BRICS focuses on cooperation and prosperity.
  • Kremlin emphasizes non-targeting of currencies.
  • Trump threatens tariffs on BRICS members.

Frequently Asked Questions

What is BRICS?
BRICS is an acronym for a group of five major emerging economies: Brazil, Russia, India, China, and South Africa. The group aims to promote peace, security, and development in the world.
What is the dollar?
The dollar is the official currency of the United States and is widely used as a global reserve currency. It is often seen as a benchmark for international trade and finance.
What is currency targeting?
Currency targeting refers to a strategy used by countries or economic groups to influence the value of their currency against others, often to enhance trade competitiveness.
What is economic cooperation?
Economic cooperation involves countries working together to achieve mutual benefits, such as trade agreements, investment partnerships, and collaborative economic policies.

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