Maj Gen P K Mallick, VSM (Retd)
CAATSA
U.S. congress’s enactment of the Countering America’s Adversaries Through Sanctions Act (CAATSA), which President Trump signed into law in August 2017. Sections 231 and 235 of the law struck at the heart of the Indo U.S. strategic partnership. Section 231 requires that the president impose sanctions on any entity that “engages in a significant transaction with . . . the defense or intelligence sectors of the Government of the Russian Federation”. Section 235 describes the sanctions that may be imposed, which include, but are not limited to, prohibiting “any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest” and forbidding “any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person.”