Recently the United States legislation CAATSA or Countering America rsquo s Adversaries through Sanc...........

International Affairs America

Recently, the United States legislation CAATSA or Countering America’s Adversaries through Sanctions Act was in news. Which of the following statements about the CAATSA is/are correct?

CAATSA imposes sanctions on any country carrying out significant defence and energy trade with sanctioned entities in Russia, Iran and North Korea.
Under CAATSA India was denied to purchase SS-N-27 ‘Sizzler’ missile from Russia.
The US Congress has given limited presidential waiver power to the President under the CAATSA.

Select the correct answer using the codes given below

1 and 3

1 only

3 only

1, 2 and 3

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Explanation:

The second statement is incorrect as we are procuring S400-Triumph missile from Russia and wanted a waiver from the CAATSA.

The CAATS (Countering America’s Adversaries through Sanctions) Bill has been introduced in US congres
Countering America’s Adversaries through Sanctions Act (CAATSA) aims to counter the aggression by Iran, Russia and North Korea through punitive measures.
The Act primarily deals with sanctions on Russian interests such as its oil and gas industry, defence and security sector, and financial institutions.
The Act empowers the US President to impose at least five of the 12 listed sanctions enumerated in the Act on persons engaged in a “significant transaction” with Russian defence and intelligence sectors.
Two of the most stringent of these sanctions are the export licence restriction by which the US President is authorised to suspend export licences related to munitions, dual-use and nuclear related items.
It extends to the ban on American investment in equity/debt of the sanctioned person