The new regime will make it possible to freeze the assets of actors who commit or benefit from serious human rights violations. In addition, entry bans are to be imposed on people.
Model of the Magnitsky Act
So far, human rights violations could only be punished in connection with punitive measures against states – for example in the Ukraine conflict – or within the framework of special sanction regimes that the EU has created since 2018, for example, in the fight against cyber attacks and the use of chemical weapons.
This has so far made it difficult or impossible for the EU to react to human rights violations – for example in the case of the gruesome killing of journalist Jamal Khashoggi in the Saudi Arabian consulate in Istanbul.
The model for the planned EU system is the so-called Global Magnitsky Act of the USA. This was decided by the US Congress in 2016 to impose sanctions on individuals responsible for the death of Russian lawyer and auditor Sergei Magnitsky. Magnitsky died on remand in a Russian prison in 2009 after he was ill-treated and inadequate medical care. (Read about it here: How true is the story on which the US sanctions against Russia are based?)
Source link
https://www.spiegel.de/wirtschaft/soziales/sanktionen-bei-menschenrechtsverletzungen-eu-staaten-einigen-sich-auf-neues-instrument-a-a82d93fb-e5c9-4636-998a-906d0d1c2610