BRICS Confirms Payment System Plan, Ignoring Trump's Warning
Although elected President Donald Trump threatened to impose 100% tariffs on goods from BRICS countries if they continue dedollarization, BRICS has confirmed plans to develop its own payment system. Deputy Foreign Minister of Russia Alexander Pankin confirmed that BRICS is focusing on building a payment system rather than a new currency to replace the US dollar. He emphasized that this work will continue despite Mr. Trump's threats. While some BRICS member countries initially showed hesitation, the bloc is moving forward in implementing this plan, demonstrating its determination to reduce its reliance on the US dollar. The development of this payment system is considered part of the strategy to adapt to Western sanctions.#shiba⚡