Russia has once again clarified its stance, stating that it has no interest in challenging the US dollar in any way. As an active member of the BRICS alliance, Russia has often faced scrutiny for collaborating with other nations to undermine the US dollar and question its global dominance and prestige

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The Kremlin Clarifies Why It Has No Plans To Challenge USD

Per the latest Reuters report, the Kremlin clarified on Tuesday how BRICS, as an alliance, has never targeted third countries or the US dollar. This clarification has come after US President Donald Trump accused the bloc of challenging the US dollar. He stated that the bloc is an attack on the US dollar.

The Kremlin’s response came after Trump’s statement, with the nation stating how the alliance has no interest in attacking the USD.

BRICS vs. US: The Rising De-Dollarization Narratives

U.S. President Donald Trump has often accused the BRICS bloc of engaging in anti-U.S. dollar developments. President Vladimir Putin emphasized that de-dollarization was not Russia’s doing, but rather a consequence of the United States’ own actions.

“JUST IN: Russian President Putin on De-dollarization. We’re taking individual steps, one after another. As regards finance, we did not drop the dollar. The dollar is the universal currency. But it wasn’t us—we were banned and barred from [using] it. And now 95% of all the external trade of Russia is denominated in national currencies. They did it themselves with their own hands. They thought we would collapse.”

India, another prominent BRICS nation, has stated that it is not engaged in any activity aimed at promoting de-dollarization.

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