10 July, 2020
2 Min Read
Countering America’s Adversaries through Sanctions Act (CAATSA), aims at taking punitive measures against Russia, Iran, and North Korea.
It was passed in the backdrop of Russia’s military intervention in Ukraine and its alleged meddling in the 2016 US presidential elections. It primarily deals with sanctions on the Russian oil and gas industry, defence and security sector, and financial institutions.
It empowers the US President to impose at least 5 of 12 listed sanctions enumerated in Section 235 on persons engaged in a “significant transaction” with the Russian defence and intelligence sectors. If implemented stringently, it would impact Indian defence procurement from Russia.
It would also affect purchase of spares, components, raw materials and other assistance. The bulk of India’s military equipment is of Soviet/Russian origin including the nuclear submarine
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