Financial News: Freeze the assets of Putin’s allies, U.K, U.S. lawmakers say: it’s ‘the only way to change the behavior of evil regimes’

A group of lawmakers in the U.K., U.S. and Canada have launched a coordinated effort to urge the world’s richest countries to adopt sanctions targeting the allies of Russian President Vladimir Putin.

The group is demanding that leaders of all G7 nations adopt legislation similar to the U.S.’s Magnitsky Act, which permits authorities to seize assets — including bank accounts and real estate — and ban the entry of Russians implicated in the death of Russian lawyer Sergei Magnitsky in 2009.

The demands are laid out in a series of letters ahead of the G7 meeting in Quebec in June to U.K.

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