26-12-2020 | 17:36 PM
CAATSA
The United States recently imposed sanctions on Turkey according to section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA). Sanctions were imposed for the acquisition of Russian anti-Missile S400 devices.
The United States has reiterated its warning to India and other countries over the procurement of equipment from Russia.
Key Features of CAATSA:
Section 231 of the CAATSA states that at least 12 sanctions, as defined in section 235, shall be enforced on an individual or country who, knowingly, participates in or operates for or on behalf of the Russian security or intelligence business.
The following of the five sanctions is imposed under section 235 of the Act:
Prohibition on the issuance of a US export licence for moved products or technologies.
Prohibition on deposits or loans by the United States Financial Institutions worth more than USD 10 million for a 12-month period.
Ban on assistance from the United States export-import Bank.
Requirement for the United States to oppose loans from International Financial Institutions.
VISA restrictions.
Note:
S400 is an air defence Missile system capable of destroying hostile Jets, missiles and drones at a range of 380 kilometres.
