Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

Turkish Foreign Minister Hakan Fidan met with Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu on Monday in Brazil. The two held talks on the sidelines of the BRICS summit in Rio de Janeiro, according to the Turkish Foreign Ministry. Further details on the meeting were not immediately available.

Leaders of the BRICS group of major emerging economies are meeting in the Brazilian metropolis of Rio de Janeiro on Sunday for a two-day summit. The BRICS acronym is derived from the initial letters of the founding member countries: Brazil,