Countering America’s Adversaries Through Sanctions Act (CAATSA) is federal law passed by the US. It imposes ban on Iran, North Korea, Russia.
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Countering America’s Adversaries Through Sanctions Act (CAATSA):
Why in news?
- Recently, US warn all of its allies to forgo transactions with Russia that risk triggering sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA).
- In October 2018, India inked the historic agreement with Russia to procure four S-400 Triumf surface-to-air missile defence system, the most powerful missile defence system in the world ignoring the CAATSA act.
- The U.S. threatened India with sanctions over India’s decision to buy the S-400 missile defense system.
About CAATSA law:
- The Countering America’s Adversaries Through Sanctions Act, CAATSA is a United States federal law that imposed sanctions on Iran, North Korea, and Russia.
- The aim of the CAATSA law is to prevent revenue from flowing to the Russian Government.
- The Act empowers the US President to impose at least five of the 12 listed sanctions on persons engaged in a “significant transaction” with Russian defence and intelligence sectors.