December 18, 2020
On December 14, 2020, the United States imposed sanctions on the Republic of Turkey’s Presidency of Defense Industries (“SSB”), the country’s defense procurement agency, and four senior officials at the agency, for knowingly engaging in a “significant transaction” with Rosoboronexport (“ROE”), Russia’s main arms export entity, in procuring the S-400 surface-to-air missile system. These measures were a long-time coming under Section 231 of the Countering America’s Adversaries Through Sanctions Act (“CAATSA”) of 2017, the President has been
required to impose sanctions on any person determined to have knowingly “engage[d] in a significant transaction with a person that is part of, or operates for or on behalf of, the defense or intelligence sectors of the Government of the Russian Federation.” This includes ROE, and Turkey’s multi-billion dollar S-400 transaction with ROE has been public knowledge for at least three years. Indeed, in
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The State Department announced the imposition of sanctions on the Republic of Turkey’s Presidency of Defense Industries (“SSB”), and four related Turkish individuals under the Countering America’s Adversaries Through Sanctions Act (“CAATSA”) for engaging in a significant transaction with a designated party in the Russian defense sector for the procurement of the S-400 surface-to-air missile system from Russia. The sanctions prohibit the issuance of all U.S. export licenses and authorizations and certain loans to SSB, while designating four corporate officers of SSB as Specially Designated Nationals (“SDNs”) and imposing full blocking sanctions and visa restrictions on them.
ANCA, HALC, IDC Welcome Initial US Sanctions On Turkey
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WASHINGTON The Trump Administration on Monday imposed sanctions on Turkey’s military procurement agency and its officers in response to Turkey’s purchase of Russian S-400 missile systems.
The U.S. sanctions include a ban on all U.S. export licenses and loans to Turkey’s defense procurement agency, Republic of Turkey’s Presidency of Defense Industries (SSB). They also freeze the assets and restrict visas of the organization’s president and three other senior officials. and an asset freeze on its president, Ismail Demir, among other government officials.
Iran condemns US sanctions on Turkey news.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.am Daily Mail and Mail on Sunday newspapers.