Sen. Marco Rubio (R-Fla.), the vice chairman of the Senate Intelligence Committee, is warning that China is trying to replace the dollar with the yuan as the world’s most traded currency and has evaded U.S. sanctions on Russia by setting up transfer trade system independent of Western banks. Rubio, in an op-ed for The Telegraph, a British news site, warned that the United States’ ability to punish other countries through financial and banking sanctions is being challenged by China’s yuan, which is now the most traded currency in Russia. “This alternative financial system is currently limited by its scope,” Rubio wrote. “Nevertheless, it is providing a lifeline to Vladimir Putin a
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