What is the Magnitsky Act and why is it relevant now?

The present tensions, albeit escalating tensions on a daily basis, between China and the United States, calls for us to be familiar with the Magnitsky Act, as it might end up coming into effect sooner than later. I found this explanation on Wikipedia, so instead of re writing it, take a look here:

“The Magnitsky Act, formally known as the Russia and Moldova Jackson–Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act of 2012, is a bipartisan bill passed by the U.S. Congress and signed into law by President Barack Obama in December 2012, intending to punish Russian officials responsible for the death of Russian tax lawyer Sergei Magnitsky in a Moscow prison in 2009 and also to grant permanent normal trade relations status to Russia.

Since 2016 the bill, which applies globally, authorizes the US government to sanction those who it sees as human rights offenders, freeze their assets, and ban them from entering the U.S.”

Wikipedia, https://en.wikipedia.org/wiki/Magnitsky_Act

That the United States is threatening to put in place the Magnitsky Act says something about the climate right now of growing tensions, something that the world most surely doesn’t need. However, I think that China is overstepping her bounds, being too much of a bully right now. One could say the same about the US, especially since Trump took power, but the difference is that we just need to wait another 90+ days to see what happens. Whereas in China, there is election, they get Xi pretty much until he is blind and can’t walk, which could be literally decades.

Stay tuned…

Published by kpauthor2020

Author. Real Estate professional. Mom. Theatre goer. Chihuahua owner. Asker of hard questions. Art and photography enthusiast.

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