Bhikhu Mhatre @MumbaichaDon (Being Informed)
February 27, 2025 at 11:12 AM
Brazil's president says BRICS is COMMITTED to de-dollarization plan NO MATTER WHAT.
BRICS will not be stymied in its determination to seek alternative platforms for payments between member countries, Luiz Inacio Lula da Silva told a meeting of the group’s sherpas on Wednesday.
"The current escalation of protectionism in trade and investment boosts the importance of measures aimed at overcoming obstacles to our economic integration. Expanding payment options means reducing vulnerabilities and costs. The Brazilian [BRICS] presidency is committed to developing additional, accessible, transparent and secure payment platforms," the UOL portal quoted the Brazilian president as saying.
Not the effect Donald Trump was hoping for when he dangled threats of 150% tariffs against BRICS states?