Reuters learned what sanctions options against Russian assets are being considered by the European Union.

The European Commission proposes three options for extending sanctions on Russian assets

The European Commission has presented the ambassadors of EU member states with three options for extending sanctions on frozen Russian assets. This issue is crucial for securing a G7 loan for Ukraine amounting to 50 billion dollars.

This was reported by the Reuters agency, citing EU diplomatic sources.

According to the diplomats, the proposed options are:

• A five-year freeze on Russian assets with annual review. A specially formed majority of EU countries will be required to unfreeze the assets.
• The resumption of asset freeze every 36 months through unanimous voting.
• Extending the duration of all sanctions related to Russia to 36 months.

It is important to note that EU sanctions against Russia can be extended every six months. According to diplomatic sources, the European Commission has already discussed these three options with the United States of America.

The G7 plans to provide Ukraine with a multi-year loan based on frozen Russian assets

These proposals are part of a broader G7 plan for Ukraine. The plan envisages providing Kyiv with a multi-year loan to be secured by future revenues from approximately 300 billion dollars of frozen Russian assets. Most of these assets are blocked in EU countries.

The G7 countries seek guarantees that the EU sanctions regime on Russian assets will not be lifted. This is necessary to secure a 50 billion dollar loan for Ukraine.

It is worth noting that in early September, the EU provided Ukraine with the first tranche of 1.55 billion dollars from the revenues on frozen Russian assets.