The legislation, which must now be approved by the Senate and signed into law by the president, is aimed at both individuals and businesses.
The bill also targets terrorists or cybercriminals and authorizes the Foreign Ministry to include identified perpetrators on EU or Czech sanctions lists.
“The Czech Republic will now have a tool against everyone who violates human rights, supports terrorism or participates in cyber attacks,” Foreign Minister Jan Lipavsky said in a tweet.
The bill is inspired by the so-called Magnitsky Law passed in the United States in 2012 and is aimed at those suspected of having a role in the prison death of Russian lawyer Sergei Magnitsky.
The Czech government originally hoped to pass the law by the end of 2023, but its adoption was hastened by the Russian invasion of Ukraine.