Russia Says No Plans to Challenge US Dollar or Third Nations

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

Also Read: BRICS Has Tarnished the US Dollar’s Brand Value, Admits Strategist

Also Read: BRICS Has Tarnished the US Dollar’s Brand Value, Admits Strategist## The Kremlin Clarifies Why It Has No Plans To Challenge USD

Source: PixabaySource: PixabayPer 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.

The Kremlin rejected President Donald Trump’s claim that BRICS was designed to undermine the U.S. dollar, with spokesperson Dmitry Peskov stating the bloc never targeted third countries or their currencies. pic.twitter.com/mFic5QZPcY

— USA Europe Asia (@usaeuropeasia) October 15, 2025

The Kremlin rejected President Donald Trump’s claim that BRICS was designed to undermine the U.S. dollar, with spokesperson Dmitry Peskov stating the bloc never targeted third countries or their currencies. pic.twitter.com/mFic5QZPcY

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.”

“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.”

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… pic.twitter.com/FRVSOYsOcD

— BRICS News (@BRICSinfo) October 18, 2024

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… pic.twitter.com/FRVSOYsOcD

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

JUST IN: India says it’s not pursuing de-dollarization policies and no decisions have been made so far on a BRICS currency.

This comes after US President-elect Trump threatened 100% tariffs on BRICS nations if they attempt to replace the dollar in international trade. pic.twitter.com/oHVH8ADxyd

— BRICS News (@BRICSinfo) December 7, 2024

JUST IN: India says it’s not pursuing de-dollarization policies and no decisions have been made so far on a BRICS currency.

This comes after US President-elect Trump threatened 100% tariffs on BRICS nations if they attempt to replace the dollar in international trade. pic.twitter.com/oHVH8ADxyd

Also Read: When Weak Is Strong: Trump’s US Dollar Strategy Explained in 2 Moves

Also Read: When Weak Is Strong: Trump’s US Dollar Strategy Explained in 2 Moves