(Reuters) – Work on the BRICS settlement system will proceed regardless of U.S. President-elect Donald Trump's risk to impose 100% import tariffs on international locations attempting to weaken the greenback, the company mentioned on Friday RIA press launch citing a senior Russian official.
Trump demanded final week that BRICS member international locations commit to not create a brand new forex or assist one other forex that might substitute the U.S. greenback, saying they’d in any other case face 100% tariffs.
RIA cited Russian Deputy Overseas Minister Alexander Pankin as saying that BRICS was really engaged on a settlement system slightly than a brand new worldwide forex.
“In fact it would proceed,” he mentioned, referring to work on the deliberate system.
