The European Union may soon get its own Magnitsky Act to target human rights abusers

Amid a global assault on human rights stretching from Belarus to Hong Kong to Yemen, the European Union signaled yesterday that it may act to deter corrupt kleptocrats and state abusers by hitting them where it hurts: their assets.

Europe’s chief executive Ursula von der Leyen revealed in her first-ever State of the Union speech that she will bring forth a European Magnitsky Act, a sanctions framework modeled after a U.S. law that restricts malign actors’ access to travel and the global financial system.

For all the ridicule it’s earned as a bureaucracy-addled bloc with a penchant for “strongly worded” statements, the EU is still the world’s largest single market area and a leading promoter of democratic values.

https://www.axios.com/european-magnitsky-act-3e9bb52e-4fd5-437c-95ec-b822fd64691e.html