The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs Trump has repeatedly cautioned Brics nations against attempts to replace the US dollar as the global reserve currency, warning of significant trade penalties if they However, the group’s recent expansion and efforts to challenge the US dollar’s dominance have drawn a sharp response from President Donald Trump, who has The recent expansion and shifting objectives of the BRICS bloc suggest an escalating rivalry between its members and Western liberal economies – and a potential threat The BRICS, led by China and Russia, may seek to remove the critical role of the dollar in global finance to weaken America. But the Biden administration seems Hace 3 días As proposed, the decentralised scheme would allow BRICS countries to trade with each other without converting to US dollars by utilising blockchain technology and tokens