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.

The BRICS group, composed of Russia, China, India, Brazil, and other nations, has been exploring ways to reduce reliance on the U.S. dollar.

In recent years BRICS has become one of the most economically powerful groups. Two of its member states are among the top five largest economies in the world

The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum.

President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar. "The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch,

In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.

US President Donald Trump on Thursday threatened the BRICS group of emerging economies with tariffs of 100% if they move away from the US dollar as an international means of payment. "The idea that the BRICS Countries are trying to move away from the Dollar,

US President Donald Trump has promised to impose 100% tariffs on the BRICS nations if they decide to create their own currency to replace the US dollar. Source: Trump on Truth Social, as reported by European Pravda Quote from Trump: "The idea that the BRICS Countries are trying to move away from the Dollar,