The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was and never had been such a plan.

MOSCOW (Reuters) - The Kremlin on Friday noted a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, but said there were no such plans.

Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.

BRICS doesn’t plan to create a new common currency to replace the dollar, Kremlin spokesman Dmitry Peskov said.

Spokesperson for the Presidential Communication Office (PCO), Philips Vermonte, said on Friday that Indonesia's membership of BRICS does not mean the country is distancing itself from its Western allies.

US President Donald Trump said he will impose 100 percent tariffs on Brics countries if they create a new currency, reported Sputnik/RIA Novosti. “The idea that the Brics countries are trying to move away from the dollar, while we stand by and watch, is over.

Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not considering the creation of a shared currency but was instead focused on developing joint investment platforms.

The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was no such plan.

President Donald Trump is warning a coalition of countries to find “another sucker nation” if they opt to move away from the U.S. dollar.

India protested against Sri Lanka after its Navy allegedly fired on Indian fishermen in the Jaffna Sea, injuring two from Karaikal. The Ministry of External Affairs summoned Sri Lanka’s diplomat to express concerns over recent incidents,

India has lodged a strong protest with Sri Lanka over the recent detentions of Indian fishermen including an incident where fire was opened on them, the Ministry of External Affairs said.In a troubling episode this week,