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

On behalf of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah arrived on Monday in Rio de Janeiro,

BRICS Summit in Brazil, discussions focused on global governance reform, environmental issues, and global health.