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Rep. Mills Statement on China’s Yuan Replacing the U.S. Dollar As Most Traded Currency in Russia

April 6, 2023

WASHINGTON, D.C. – Today,  Rep. Cory Mills (FL-07) released the following statement on China’s yuan replacing the U.S. dollar as the most traded currency in Russia:

“China’s yuan replacing the U.S. dollar as the most traded currency in Russia is further evidence of the malign political alignment between these two adversarial nations.  

“The advancement of China’s Road & Belt initiative to cause supply chain disruption, attempt to replace/remove the petrodollar, the economic coercion throughout Africa and in our own hemisphere; are further proof that we must take decisive and immediate actions to stop reliance and build a robust energy and economic sector.

“The need to strengthen America’s geopolitical and economic standing on the world stage is now more important than ever and the GOP House Majority is taking action to get back to energy dominance and put a stop to out of control spending by Washington.”