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China Is Luring the World to the Yuan—and Hobbling Western Sanctions

Reporter US
June 24, 2026
China Is Luring the World to the Yuan—and Hobbling Western Sanctions



China Is Luring the World to the Yuan—and Hobbling Western Sanctions
Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions.



China Is Luring the World to the Yuan—and Hobbling Western Sanctions
Iran and Russia have used the currency to carry out oil sales and other trade, evading controls on dollar transactions.

Reporter US

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