Following an agreement between European foreign ministers, the EU has agreed to freeze assets and issue travel bans to those who have violated human rights as part of a new sanctions model.
This measure was pushed by the Netherlands which has consistently campaigned for a European-wide 'Magnitsky Act’. Speaking on the matter, British hedge fund manager, Bill Browder, stated;
"It took us 10 years to get here, but it's a decisive victory in the global Magnitsky justice campaign”.
The EU Observer reports that the Dutch have removed the magnitsky name from the legislation to make it appear that it was not primarily aimed at Russia.
Read the EU observers reporting here.
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