Minister Drops Major New Hint on BRICS Currency

India’s Foreign Minister S Jaishankar is on an official visit to Russia, conducting high-level meetings in Moscow for trade and tariffs. Jaishankar held a press conference on Wednesday and touched upon the subject of BRICS currency. The external affairs minister is holding talks with the Russian counterparts amid Trump’s pressure on buying crude oil from Russia. India is looking for a balancing act between Russia and the US and wants to avoid de-dollarization.

The Modi government is waking up to the economic realities under Trump, but also wants to maintain its relations with both Russia and the US. In his remarks, Jaishankar briefly spoke about the BRICS currency, indicating that the alliance is still considering the prospects. His mentioning the currency comes after the bloc barely spoke about it during the 17th summit in Brazil in July. The 10-member group did not mention de-dollarization and BRICS currency plans in Rio de Janeiro.

Also Read: BRICS Currency Images Resurface as Bloc Targets 2026 Launch

Also Read: BRICS Currency Images Resurface as Bloc Targets 2026 Launch## “Must Act,” Says Jaishankar on BRICS Currency Plans

Source: Cryptopolitian.comSource: Cryptopolitian.comBriefly speaking about the BRICS currency plans, S Jaishankar said that we “must act” towards the development, a video from The Times of India shows. He did not go into length about the topic but spoke about the idea minimally. The development indicates that India and Russia might have discussed the prospects of a BRICS currency amid Trump’s tariffs. However, the external affairs minister did not provide further details about the plan and spoke about India-Russia relations.

**“must act”**Also Read: BRICS Launching QR Code Payments To Avoid US Dollar

Also Read: BRICS Launching QR Code Payments To Avoid US DollarTrump imposed 50% tariffs on India for procuring oil from Russia and also slapped a fine for the ordeal. Several analysts, including economist Jeffrey Sachs, condemned the tariffs, calling the White House’s move immature. He also advised India to stick with the BRICS countries and work on currency plans and not trust the US. Many countries are looking to distance themselves from the US dollar as the White House is weaponizing the currency.