American financier Bill Browder, whose investment fund was a client of Sergey Magnitsky, met Vladimir Kara-Murza at the Canadian parliament in 2012. They had both come to Ottawa for the same reason: to support Canada’s adoption of the Magnitsky Act.
“There were always those who were afraid of the Magnitsky Act because they didn’t want to do anything anti-Russia. In response, Kara-Murza would explain that this act isn’t anti-Russia, but pro-Russia,” Browder told Meduza. “It’s an anti-kleptocracy bill. He repeated this again and again. He liked to say that if a normal justice system ever arose in Russia, he’d be the first to seek the repeal of the Magnitsky Act.”
According to Russian opposition figure Ilya Yashin, Nemtsov and Kara-Murza emphasized that the sanctions should target “people, not the country.” “They explained that sanctions against Russia [would] backfire,” Yashin underscored. “When you impose sanctions on the country, you give [Russian authorities] an argument that helps them, the opportunity to rally the people around them.”
In this sense, Yashin said, “Nemtsov and Kara-Murza did an amazing thing.” They were able to convince American politicians to lift sanctions against the country as a whole and to instead pass the Magnitsky Act, which entailed restrictions against specific people
As Browder noted, “the Magnitsky Act was the prototype for the sanctions Western countries adopted against Russian officials in 2014, after the annexation of Crimea. [It was also the prototype] for sanctions imposed during the war with Ukraine. Before the Magnitsky Act, freezing assets of individual officials wasn’t done, but today it’s a widely used practice.”