16th May 2024 (14 Topics)
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Countering America's Adversaries Through Sanctions Act (CAATSA)
Context
The US warned of potential sanctions for any country doing business with Iran after India signed a 10-year deal to operate a port in Tehran. The deal strengthens ties between India and Iran, boosting trust among trading communities.
What is CAATSA?
- The Countering America's Adversaries Through Sanctions Act (CAATSA) is a United States federal law that imposed sanctions on Iran, North Korea, and Russia.
- It was signed into law in 2017.
- It was meant to punish countries having deep engagements with Russia, North Korea, and Iran using economic sanctions.
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