On October 24th local time, Russian President Putin responded to many hot topics such as "Trump threatened to attack Moscow" at the press conference of the BRICS Summit in Kazan.
When asked about the statement made by former US President and Republican presidential candidate that Trump had threatened to attack Moscow, Putin responded by saying that he did not remember Trump saying such words and did not need to take the statements made during the US election period too seriously.
Putin also stated that BRICS countries will strengthen interbank exchanges and cooperation in the financial sector, but have not established an alternative system to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), and are using existing systems instead.
Response to 'Trump once threatened to attack Moscow'
According to the website of Russia Today (RT) television station, on October 24th local time, Russian President Putin held a press conference during the Kazan BRICS Summit, during which he was asked about the statement made by former US President and Republican presidential candidate that "Trump had threatened to attack Moscow". Regarding this, Putin stated that he "does not remember" having such a conversation with Trump, and there is no need to take the remarks made during the US election period too seriously.
Putin said he doesn't remember Trump threatening to launch an attack on Moscow. Can a person make such a threat? "He said." You can threaten anyone you want, but threatening Russia is meaningless because it only motivates us. But I don't remember having such a conversation with Trump
Last week, Trump said in an interview published in The Wall Street Journal that he had warned Putin in a private conversation not to go to war in Ukraine, otherwise he would "strike" Moscow. I said, 'Vladimir, if you want to deal with Ukraine, I will strike you hard, you won't even believe it. I want to hit the center of Moscow.'
Trump has repeatedly claimed that if he wins next month's US presidential election, he will be able to "find a way" to end the war in Ukraine. Putin expressed appreciation for Trump's remarks on ending the Russia-Ukraine conflict at the press conference after the BRICS Summit on October 24. What Mr. Trump said recently, what I heard - he talked about wanting to make every effort to end the conflict in Ukraine - in my opinion, he spoke very sincerely. Putin added, "In my opinion, he said it sincerely. Of course, we welcome such statements, regardless of who made them.
We have reached an agreement on the list of BRICS partner countries
On October 24th local time, Putin stated that the Kazan BRICS Summit will be attended by delegations from 35 countries and regions, as well as 6 international organizations. The extensive participation in the BRICS summit demonstrates the authority and role of the BRICS cooperation mechanism. All participants saw that the most important feature of the BRICS cooperation mechanism is mutual respect. The BRICS cooperation mechanism is not closed, it is open to all countries that share its values.
Putin stated that the BRICS countries have reached an agreement on the list of BRICS partner countries, which will be announced after these countries agree to accept the status of partner countries.
Putin also stated that BRICS countries will strengthen interbank exchanges and cooperation in the financial sector, but have not established an alternative system to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), and are using existing systems instead.
According to the Russian news agency Sputnik, experts from the Russian Development Bank predicted during the BRICS summit in Kazan that the share of the Chinese yuan in the global economy will increase, due to the mismatch between the current usage rate of the yuan and China's position in global trade, as well as relevant measures taken by the Chinese government.
On October 21, Lu Lei, Vice President of the People's Bank of China, said that the RMB has become the world's fourth most active payment currency, the second largest global trade financing currency and the third largest currency in the special drawing rights (SDR) currency basket.
The current use of the renminbi does not match China's share of global GDP and the world economy, which means there is great potential for the renminbi to increase its share, "said the Russian Development Bank in a commentary
Experts also believe that in recent years, the attractiveness of the Chinese yuan has increased due to the use of the US dollar, euro, and related financial systems as political tools worldwide. The illegal freezing of these currencies is weakening their credibility as reserve currencies
According to Swift data, in August of this year, the Chinese yuan accounted for 5.95% of global trade financing, making it the second largest trade financing currency in the world. The Chinese yuan accounts for 4.69% of global payments and has been the fourth largest payment currency in the world for ten consecutive months since November 2023.