Representatives of two Lithuanian opposition parties – the Homeland Union – Lithuanian Christian Democrats and the Liberal Movement – are calling for the adoption of amendments that would create legal provisions to freeze assets of Russian oligarchs blacklisted by the Baltic state and restrict their economic and financial activities in the country.
© DELFI / Kiril Čachovskij

Lithuanian Minister of Foreign Affairs Linas Linkevičius calls the initiative logical and plans to consider it. The amendments have been prepared by TS-LKD leader Gabrielius Landsbergis, his fellow party member Laurynas Kasčiūnas and representatives of the Liberal Movement Vitalijus Gailius and Aušrinė Armonaitė.

The bill would supplement the so-called Magnitsky law that allows Lithuania to bar entry to foreigners linked to large scale corruption, money laundering or human rights violations. Around 70 Russian citizens are currently on the list drawn up based on the law.

Representatives of the conservative TS-LKD and the Liberal Movement says the entry ban is not sufficient as "the Kremlin-linked oligarchs are known to be engaged in money laundering in Western European countries in order to help the incumbent Russian government to carry out antidemocratic activities".

If the amendments were adopted, money kept in Lithuania-based banks and other financial assets would be frozen, and people and businesses in Lithuania would be banned from doing business with blacklisted people. The bill will help to prevent possible money laundering through banks and businesses in Lithuania, its authors say.

Foreign Minister Linkevičius told BNS Lithuania the opposition's proposal is logical and worth considering. He paid attention to the fact that now assets can be frozen only under a joint EU decision.

"Certain solutions are now national, having in mind the ban to enter our country. And it would be logical to expand the sanctions with asset freezes," he said.

The Magnitsky law was named after lawyer Sergey Magnitsky who died in a Russian prison in 2009. Magnitsky claimed to have disclosed financial operations of Russian officials and citizens who embezzled 230 million US dollars of taxpayers' money.

Similar laws are in force in the United States, Britain, Canada, Estonia and Latvia.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania recognizes and supports Guaidó as the Venezuelan interim President

Lithuania, along with other member states of the European Union, recognizes and supports Juan Guaidó...

D. Grybauskaitė after meeting P. Poroshenko: Western attention to Ukraine is waning

During the Davos World Forum, Lithuanian President Dalia Grybauskaitė held bilateral talks with...

Agreement signed with Vietnam on illegal migration

During an official visit to the Socialist Republic of Vietnam, Minister of Interior Eimutis Misiūnas...

L. Linkevičius: disinformation is a serious challenge to Western unity

On Monday, Minister of Foreign Affairs Linas Linkevičius participated in an EU Foreign Affairs...

Georgian prime minister visiting Lithuania

Georgian Prime Minister Mamuka Bakhtadze is arriving in Lithuania for an official visit. Discussions...