14 December 2012, 21:28

Obama enacts Magnitsky Act

Obama enacts Magnitsky Act

US President Barack Obama has signed off on the controversial bill to scrap the Jackson-Vanik amendment and impose financial and travel sanctions on Russian officials who were allegedly involved in the prison death of Russian lawyer Sergei Magnitsky.

President Barack Obama Friday signed legislation granting normal trade relations to Russia, which angered Moscow by including sanctions targeting alleged Russian human rights abusers.

Obama signed the bill into law a day after Russian President Vladimir Putin condemned the so-called Magnitsky Act, which blacklists Russian officials allegedly implicated in the prison death of lawyer Sergei Magnitsky.

Obama to sign into law abolishment of Jackson-Vanik amendment

U.S. President Barack Obama today signs into law the abolishment of the Jackson-Vanik trade amendment and the so-called "Magnitsky Act". This is reported by the press service of the White House.

The corresponding bill, proposed and passed by the House of Representatives of the U.S. Congress, was approved by the Senate a week ago.

In a statement on the adoption of the bill by the Senate, Obama previously noted that the abolition of the Jackson-Vanik foreign trade amendment will allow American business and American workers to reap all the benefits in the name of which the U.S. had conducted intensive negotiations.

In addition, the president vowed his administration’s continued support for those who uphold the values of democracy in Russia. He reminded that the law simultaneously provides for introduction of visa and economic sanctions against a number of Russian officials allegedly involved in human rights violations.

Russia’s Public Chamber supports counter - Magnitsky bill

Russia’s Public Chamber has supported and approved a draft bill imposing sanctions against abusers rights of Russian citizens.

The Chamber met in Moscow today to consider the bill which will be reviewed by the Russian Duma tomorrow.

The bill is a response to the US-adopted Magnitsky bill imposing sanctions on Russian officials allegedly linked to the death of the Hermitage Capital lawyer Sergey Magnitsky.

The deputy secretary of the Public Chamber Vladislav Grib said that the law is violating all legal norms and is nothing but a means of political and administrative pressure.

Voice of Russia, RIA, TASS, Reuters, AFP

    and share via