Context
The US House of Representatives has made a historic decision and approved legislation that recommends an India-specific waiver under CAATSA as a part of an amendment during floor consideration of the National Defense Authorization Act (NDAA).
Details
About CAATSA sanctions:
Sanctions on India:
1. Prohibition of Banking transactions: The first of these, which is likely to have an impact on India-Russia relations, is the “Prohibition of Banking transactions”.
This was meant for making it difficult for India in making payments in US Dollars to Russia for the purchase of the S-400 systems.
2. Export Sanction: This is the “export sanction” which has the potential to completely derail the India-US Strategic and Defence partnership, as it will deny the license for, and export of, any items controlled by the US. The second sanction will have greater consequences for India-US relations.
How did the issue raise?
The S-400 is known as Russia’s most advanced long-range surface-to-air missile defense system. The US has already imposed sanctions on Turkey under the CAATSA for the purchase of a batch of S-400 missile defense systems from Russia.
Reasons for waiver and US stand:
Verifying, please be patient.