The Ministry of Justice drafted a Magnitsky Moldova law that will enable to impose sanctions in Moldova on persons sanctioned in other states. The sanctions will be imposed on persons who were put on international sanctions lists and on those who have particular direct and indirect ties with these, Minister of Justice Sergiu Litvinenco told a news conference.
The minister said all those who will be put on the Magnitsky sanctions list or similar lists will have their bank accounts and property owned in Moldova frozen and will be unable to sell, donate or sign over their assets. The state will be able to manage the given assets.
The sanctioned persons will be banned access to financial services, such as opening of bank accounts, transferring of money and raising of loans. The persons put on international sanctions lists, foreigners or stateless persons, could be banned from entering Moldova.
The Audiovisual Council will be able to withdraw the licenses of companies owned or affiliated to persons put on these lists. It will be obliged to withdraw the license if a TV channel promotes the image of a sanctioned private individual or legal entity.
Sergiu Litvinenco informed about this bill in a news conference held jointly with Premier Natalia Gavrilița, in which they informed that Vladimir Plahotniuc and Ilan Shor are among the designations by the UK government for its recent sanctions package. The individuals are subject to an asset freeze and travel ban.
