Lithuania considers freezing assets of individuals from Magnitsky list

Russian officials will soon not be able to conduct their financial and economic activities in Lithuania. According to Delfi, the Lithuanian government is preparing a bill that will not only limit the cash flow of people who are on the Magnitsky list, but also, they will not be able to enter Lithuania.

Opposition conservatives and liberals launched this initiative. They have already submitted their vision of the project, but the government has not yet approved the document. According to the Lithuanian Foreign Minister, Linas Linkevicius, the project’s goal is supported by the government, however, the government representatives have to analyze it in more detail to see if the law complies with sanctions policy.

“In other words, we very much support the goal, but cannot endorse this project. Therefore, we recommend not considering it. We recommend the government prepare a new draft law, and we are prepared to do so,” said Linas Linkevicius.

The government also wants to adopt a new version of the bill and Lithuania will be able to freeze funds in banks and other financial assets of those who fall under the bill’s pivisions . In addition, individuals and companies will be prohibited from doing business with foreigners from the “blacklist.”

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