The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was no such plan. Trump on Thursday warned off BRICS member countries from replacing the U.

Russia countered United States President Donald Trump’s tariff threat against BRICS while claiming the group has no intention to dethrone the US dollar. BRICS — a group of emerging economies including Brazil,

Press secretary of the President of Russia Dmitry Peskov confirmed that so far there is no talk of creating a common currency within the BRICS association. TASS informs about this today, January 31.