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US Senate's "Magnitsky" bill won’t affect Russian business - Mordashov

11:21 19/06/2012

LOS-KABOS, JUNE 18 - RAPSI. If the"Magnitsky" bill is passed by the United States, it will not affect Russian business, Severstal head Alexei Mordashov says.

The growing level of cooperation between our two countries strengthens political relations, Mordashov says. “The more mutual investments and economic links we have, the more sustainable political relations between the two countries will be. I don’t think we shall see any problems for Russian business,” Mordashov adds.

"There is no any prejudice or negative attitude toward Russia in the United States," he stressed.

Sergey Magnitsky, an attorney for the Hermitage Capital Management Fund, was charged with masterminding large-scale corporate tax evasion. He died in a Moscow pretrial detention center in November 2009 after spending a year behind bars. His death sparked a public outcry and triggered amendments to the Criminal Code and a reshuffling of officials in the penal system.

Several parliaments, including the U.S. Senate, are considering visa sanctions against Russian officials accused of orchestrating Magnistky's prosecution.

On Tuesday, the international committee of the U.S. Senate is expected to vote on a draft bill stipulating sanctions against those Russians allegedly involved in human rights violations in Russia.

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US Senate's "Magnitsky" bill won’t affect Russian business - Mordashov

11:21 19/06/2012 If the"Magnitsky" bill is passed by the United States, it will not affect Russian business, Severstal head Alexei Mordashov says.
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