U.S. Imposes CAATSA Sanctions on Turkey
On 14th December, 2020, the United States imposed long-anticipated sanctions on NATO ally Turkey over Ankara's procurement and testing of a Russian-made S-400 Triumf air defence system.
- Sanctions were imposed on Turkey’s main defence procurement agency the Presidency of Defence Industries (SSB) for knowingly engaging in a significant transaction with Rosoboron export (ROE), Russia’s main arms export entity.
- These SSB sanctions comprise of a ban on granting specific U.S. export licenses and authorisations for any goods or technology, a ban on loans or credits by U.S. financial institutions totalling more than $10 million in any 12-month period, a ban on U.S. Export-Import ....
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