Posts Tagged ‘alec torres’

19
March 2014

Time for the Magnitsky Act

National Review Online

When it comes to Ukraine, the United States and European Union are stuck between a rock and a hard place. Russian troops are hunkering down in the recently occupied Crimean peninsula, showing no signs of retreat. The West, wary of involvement — especially military involvement — in yet another international conflict, has confined its rhetoric to talk of “costs” and economic sanctions.

One weapon in the United States’ economic arsenal is the 2012 Magnitsky Act, which allows the administration to sanction individual Russians. In particular, the law was aimed at those who were responsible for the detention, abuse, and death of Sergei Magnitsky, a Russian accountant and auditor. Magnitsky was tortured and murdered after accusing Russian officials of corruption and theft of taxpayer funds. Under the act, the Obama administration could target individuals by freezing their assets held in the United States and denying them visas.

This individualized pressure could be coupled with sanctions against the entirety of Russia, further pressuring Russian leaders to remove troops from Crimea.

The Obama administration opposed its passage in 2012, when it was approved with bipartisan supermajorities in both houses of Congress. Now, however, the law is one of the few weapons the American government is potentially willing to use against Russia.

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