US IMPOSES SANCTIONS ON TURKEY FOR S-400 MISSILE PURCHASE

On 15 December, The Hindu caried an article reporting that the US has imposed sanctions on NATO-ally Turkey for its purchase of Russia’s S-400 missile defence system, under section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA).  Sanctions were imposed on Turkey’s main defence procurement agency the Presidency of Defense Industries (SSB) and comprise of a ban on granting specific US export licences and authorisations for any goods or technology, 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 and mandated US opposition to loans by international financial organisations to SSB.  The sanctions include full blocking sanctions and visa restrictions on SSB president Ismail Demir and other officials.

https://www.thehindu.com/news/international/us-imposes-caatsa-sanctions-on-turkey-for-s-400-purchase/article33333317.ece

https://www.wsj.com/articles/u-s-sanctions-turkish-entities-over-acquisition-of-russian-defense-system-11607970686

https://www.reuters.com/article/us-usa-turkey-sanctions-ssb/factbox-u-s-sanctions-target-turkish-defence-body-idUSKBN28O2XP

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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