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Mahesh

08/09/22 13:53 PM IST

US exempts India from CAATSA

In News 
  • The US House of Representatives passed a legislative amendment that exempts India from economic sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA).
CAATSA
  • CAATSA is a law that came into effect in the US in 2017, and was meant to punish countries having deep engagements with Russia, North Korea, and Iran using economic sanctions.
  • It said countries having a “significant transaction” with Russian intelligence and military agents will be subject to at least five kinds of sanctions.
  • Ordinary transactions will not invite sanctions, and the decision of who has sanctions imposed on them comes down to the interpretation of “significant transaction”.
  • This is one of the various waivers or exemptions mentioned, such as the transaction not affecting US strategic interests, not endangering the alliances it is a part of, etc.
  • Section 231 of the law notifies 39 Russian entities, including all the major defence companies like Rosoboronexport, Sukhoi Aviation, Russian Aircraft Corporation MiG, transactions with whom could invite sanctions.
  • Almaz-Antey Air and Space Defence Corporation JSC, who have made the S-400 system, are in this list.
Why did the US enact CAATSA?
  • The US flagged issues of Russia’s alleged interference in its 2016 Presidential elections and its role in the Syrian war as some of the reasons for punishing engagement with it.
  • Former US President Donald Trump, who was accused of “colluding” with Russia in the elections and during whose term CAATSA came into effect, called the Act “seriously flawed.
Source- Indian Express 

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