Magnitsky stokes Russian offshore

The U.S. Senate passed a bill to normalize trade relations with Russia. For the adoption of the "Law on the abolition of the Jackson-Vanik amendment to Russia and Moldova 2012" 92 senators voted against the four. After the law was signed by U.S. President to both countries will be granted permanent status to countries normal trade partner of the U.S.

The adoption of the law and the repeal, which was adopted in 1974, was the entry of Russia into the WTO.

The new law included "Magnitsky Act", which introduces visa sanctions against Russians involved in violations of human rights. Their accounts and property, if there are any in America, will be frozen.

Accountant and auditor, partner of British law firm Firestone Duncan, Sergei Magnitsky died in prison, "Sailor's Silence" in 2009 from torture. The case attracted considerable public attention.

Russian Foreign Minister Sergey Lavrov at a meeting of OSCE foreign ministers in Dublin told U.S. Secretary of State Hillary Clinton, in response to the "Magnitsky list" Russia will ban entry to its territory for human rights abusers in the United States.

"Many look at this document as anti-Russian. I disagree with them. Contrary, I believe that it pro-Russian, as it is about human rights, which in Russia is taken very seriously," says a Republican senator John McCain.

One of the founders and leaders of the Russian Political Committee, attorney Mark Feigin advised potential suspects in "Magnitsky list "not to risk their "serene" positions, Rosbalt said.

"The potential suspects in the "Magnitsky list" ought to remember: this is our homeland - Russia. This power may be a long time, but not forever," wrote Feigin in Twitter.

"Love the Russian history. It can straighten the brains of any satrap. Not risk seeming serenity of his position. Go to monasteries," he added.

Meanwhile, the fate of the Russian offshore companies is under threat in Cyprus because of the "Magnitsky case." As a condition of providing financial assistance to Cyprus in 17 billion euro European deputies demanded from Nicosia to deal with Russian money laundering in offshore and provide greater transparency in the local banking system. The same steps will follow for other offshore jurisdictions. -0 -