The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was no such plan.

The BRICS group, composed of Russia, China, India, Brazil, and other nations, has been exploring ways to reduce reliance on the U.S. dollar.

"We will demand a commitment from these seemingly hostile countries that they will neither create a new Currency Brics, nor support any other Currency to replace the strong US Dollar otherwise they wi

The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum.

In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.

US President Donald Trump has promised to impose 100% tariffs on the BRICS nations if they decide to create their own currency to replace the US dollar. Source: Trump on Truth Social, as reported by European Pravda Quote from Trump: "The idea that the BRICS Countries are trying to move away from the Dollar,