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BRICS Dismisses Trump's Claims, Champions Economic Cooperation

10/16/2025

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Summary

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Dmitry Peskov, the Kremlin spokesman, dismissed Donald Trump's claim that BRICS members are leaving the bloc due to tariffs.
Peskov said BRICS promotes cooperation and stability, not confrontation with other currencies.
Peskov stated BRICS has no plans against any third country.
Peskov noted trade among BRICS members occurs primarily in national currencies.
BRICS has expanded to include new members and now surpasses the G7 in combined GDP, and BRICS leaders say politicization of the U.S. dollar poses a greater threat than their economic cooperation.

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Story summary

Dmitry Peskov, the Kremlin spokesman, dismissed Donald Trump's claim that BRICS members are leaving the bloc due to tariffs.
Peskov said BRICS promotes cooperation and stability, not confrontation with other currencies.
Peskov stated BRICS has no plans against any third country.
Peskov noted trade among BRICS members occurs primarily in national currencies.
BRICS has expanded to include new members and now surpasses the G7 in combined GDP, and BRICS leaders say politicization of the U.S. dollar poses a greater threat than their economic cooperation.