What are magnits?

Answer 1

magnets is something that sticks to iron a magnet has iron in it so the magnet sticks ontot to other objects

Answer 2

"Magnits" could refer to Magnitsky Acts, which are imposed by governments as a form of targeted economic sanctions against individuals or entities deemed to have committed human rights violations or financial crimes. The most well-known example is the Magnitsky Act passed by the US in 2012.