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Consider the following statements regarding CAATSA.
1. CAATSA stands for Countering America’s Adversaries through Sanctions Act (CAATSA).
2. These sanctions comprise a ban on granting specific US export licences and authorizations for any goods or technology.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding CAATSA.1. CAATSA stands f...
Key-Points
  • CAATSA stands for Countering America’s Adversaries through Sanctions Act (CAATSA). Hence statement 1 is correct.
  • It is a US federal law that imposed sanctions on Iran, North Korea, and Russia.
  • The bill provides sanctions for activities concerning:
    • cybersecurity
    • crude oil projects,
    • financial institutions,
    • corruption,
    • human rights abuses,
    • evasion of sanctions,
    • transactions with Russian defence or intelligence sectors,
    • export pipelines,
    • privatization of state-owned assets by government officials,
    • arms transfers to Syria
  • Turkey decided to move ahead with the procurement and testing of the S-400, despite the availability of alternative, NATO-interoperable systems to meet its defence requirements.
  • This decision resulted in Turkey’s suspension and pending removal from the global F-35 Joint Strike Fighter partnership.
  • These sanctions comprise:
    • a ban on granting specific US export licences and authorizations for any goods or technology. Hence statement 2 is correct.
    • a ban on loans or credits by US financial institutions totalling more than $10 million in any 12-month period.
    • a ban on US Export-Import Bank assistance for exports.
  • Additionally, sanctions will include full blocking sanctions and visa restrictions as well.
  • Last year, the US had removed Turkey from its F-35 jet programme over concerns that sensitive information could be accessed by Russia if Turkey used Russian systems along with US jets.
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Consider the following statements regarding CAATSA.1. CAATSA stands for Countering America’s Adversaries through Sanctions Act (CAATSA).2. These sanctions comprise a ban on granting specific US export licences and authorizations for any goods or technology.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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