Kremlin Spokesman Dmitry Peskov has rejected US President Donald Trump’s claim that BRICS countries seek to undermine the dollar. The BRICS economic group, which unites nations sharing a vision of cooperation aimed at prosperity and stability, has been accused by Trump of attempting an ‘attack on the dollar.’ Peskov stated that the bloc has never planned anything against any third country or currency, emphasizing principles of partnership, prosperity, and predictability.
He made the remarks on Wednesday, responding to a claim by US President Donald Trump that countries wanted to ‘drop out’ of BRICS for fear of potential tariffs and sanctions. Speaking on Tuesday, Trump accused the bloc of attempting an ‘attack on the dollar’ and warned that Washington would impose tariffs on nations aligning with it.
Peskov told RIA Novosti that BRICS has ‘never planned anything against any third country or any third-country currency.’ The group’s work is guided by principles of partnership, prosperity, and predict, he said. These values are reflected in the joint declarations adopted at BRICS summits, Pes, added.
The Kremlin spokesman said he had ‘no information’ suggesting that any members or prospective members were reconsidering their participation because of US pressure. Trump, a frequent critic of BRICS, has accused it of attempting to weaken the global role of the US dollar. The bloc, however, has no common currency, and most trade between its members is conducted in national currencies. BRICS leaders have repeatedly stated that they are not trying to undermine the greenback, arguing that politicization of the dollar poses a greater threat.
BRICS, originally formed by Brazil, Russia, India, and China in 2006, has expanded to include South Africa, Egypt, Iran, Ethiopia, the United Arab Emirates, and Indonesia. The economic bloc now surpasses the G7 in combined GDP. At the group’s summit in Kazan, Russia last year, BRICS approved a new ‘partner country’ status in response to membership interest shown by more than 30 countries.