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The Magnitsky Act is named after Russian tax accountant Sergei Magnitsky, who discovered a $230 million fraud among Russian tax officials back in 2009. Naturally Magnitsky himself was arrested, since the powers-that-be in Russia don’t abide these kinds of accusations, and he was eventually beaten to death while he was in prison. His friend Bill Browder was outraged and publicized what had happened, which led to Congress passing the Sergei Magnitsky Rule of Law Accountability Act in 2012 by a vote of 92-4. Russia, as expected, was infuriated, because it targeted the country’s most powerful oligarchs in the only way that really hurts them: by freezing their money and their travel overseas.

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Britain passed its own version of the Magnitsky Act earlier this year. Ditto for the Netherlands. Estonia too (“we won’t leave such unfriendly steps without a due response,” Russia threatened). There’s even a move afoot to pass an EU-wide Magnitsky Act, which would truly be a disaster for Russia’s elite. So perhaps it’s no surprise that at the Helsinki summit Putin specifically called out Bill Browder, the man who’s probably more responsible than anyone for getting the original Magnitsky Act passed.

This is not the kind of personal shout out we usually get from Putin at these events. But he’s desperate. So with all this out of the way, let’s go back in time to the Trump Tower meeting and ask again: what was that all about? Well, it was about the Magnitsky Act, which the Russians urgently want repealed. But it was also about delivering dirt on Hillary Clinton. And this is the dirt: $400 million in sketchy campaign contributions from Bill Browder and his cronies. That didn’t work out—largely because it wasn’t true—but not for lack of trying. No matter where you turn, the Magnitsky Act is staring you in the face. If there’s any single thing that Vladimir Putin is pissed off about, this is it.

So what did Putin and Trump talk about in their secret 2-hour meeting with no aides present? If I had to take a guess, I’d say it was the Magnitsky Act. Keep an eye on this over the next few months.
 
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