Magnitsky Act
- November 19, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Magnitsky Act
Subject – IR
Context – Christian Michel, an alleged middleman in the ₹3,600 crore VVIP chopper scandal seeks sanctions against India.
Concept –
- The Magnitsky Act, formally known as the Russia and Moldova Jackson–Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act of 2012, is a bipartisan bill passed by the U.S. Congress and signed into law by President Barack Obama in December 2012, intending to punish Russian officials responsible for the death of Russian tax lawyer Sergei Magnitsky in a Moscow prison in 2009 and also to grant permanent normal trade relations status to Russia.
- Since 2016, the bill, which applies globally, authorizes the U.S. government to sanction those it sees as human rights offenders, freeze their assets, and ban them from entering the U.S.