EU Commission presents new sanctions renewal options for frozen Russian assets
BRUSSELS, Sept 13 (Reuters) -The European Commission has presented to EU ambassadors three new options to extend the sanctions renewal period covering Russia's central bank assets, crucial to secure a $50 billion G7 loan for Ukraine, EU diplomats said on Friday.
The options include a five-year freeze on the assets with a review every 12 months and a qualified majority of EU countries needed to unfreeze the assets.
The second option is a renewal of the asset freeze every 36 months with a unanimous vote, they said. The third option would be to extend the renewal period for all sanctions related to Russia to 36 months. Currently, the EU's sanctions on Russia are up for renewal every six months.
Reporting by Julia Payne and Jan Strupczewski
Editing by Gareth Jones
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