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The trend stems from US attempts to confiscate frozen Russian assets, Ambassador Anatoly Antonov has said US plans to confiscate Russian assets frozen abroad are forcing other countries to consider ditching the dollar, as the currency’s use as a political tool undermines its credibility, Russia’s ambassador to the US, Anatoly Antonov, has said.

The EU may allow member states to unilaterally end gas imports from Russia, the Financial Times reported on Friday, citing draft legislation. According to the document, the measure would give any member state the power to “partially or, where justified, completely limit” or block Russian and Belarusian companies from buying capacity in European pipelines and…