(Reuters) – Work will proceed on the BRICS settlement system regardless of U.S. President-elect Donald Trump’s menace to impose 100% import duties on international locations that attempt to undermine the greenback, the RIA information company cited a senior Russian official as saying on Friday.
Trump final week demanded that BRICS member international locations decide to not creating a brand new foreign money or supporting one other foreign money that might substitute the U.S. greenback, saying they might in any other case face 100% tariffs.
RIA quoted Russian Deputy International Minister Alexander Pankin as saying that BRICS was in reality engaged on a settlement system moderately than a brand new worldwide foreign money.
“After all, it would proceed,” he stated, referring to the work on the deliberate system.