The EU Magnitsky Act and acts of corruption.
The EU’s Magnitsky Act represents an important foreign policy instrument that allows us to defend the values and principles on which our Union was founded, and to punish those responsible for human rights abuses.
However, I believe that it is absolutely essential that the sanctions regime also targets economic and financial enablers of human rights abuses.
This is why the Member States must urgently expand the scope of the EU Magnitsky Act, by drawing on the US Global Magnitsky Act, and include acts of corruption within the instrument.
All too often oligarchs or representatives of oppressive regimes launder money through European cities, use the money stolen from their own people to repress them, as well as to corrupt and interfere in our democratic processes.
Using the Magnitsky Act to go after the money will not only help people who wish to leave in free societies, it will also make our own free societies more resilient.
Thank you.
