The government proposes a legislative initiative called the Magnitsky Law in the Republic of Moldova
The international sanctions will be transposed into the Legislation of the Republic of Moldova, announced the Minister of Justice Sergiu Litvinenco. The government launched today a legislative initiative called the Magnitsky Law in the Republic of Moldova.
Thus, according to Sergiu Litvinenco, by means of the new law, all persons sanctioned at the international level will automatically be sanctioned in the Republic of Moldova. "All those who will be included in the list of Magnitsky or similar sanctions will have all their assets in the Republic of Moldova frozen. Also, it will be prohibited to provide the respective persons with any goods, after which the provision of any financial services to these persons may also be prohibited. For example, opening a bank account, making money transfers. As for the legal entities that will have links with the persons indicted in the list of sanctions, they may also be targeted by certain specific sanctions", said Sergiu Litvinenco. Sergiu Litvinenco declared that the legislative initiative is to be approved by the Government these days, and by the end of this year to be approved in the final reading by the Parliament.
