Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.

Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not considering the creation of a shared currency but was instead focused on developing joint investment platforms.

Donald Trump stated that no currency would replace the US dollar and that any attempt would invite high tariffs