2) Once the S400 is delivered to Turkey, the CAATSA legislation states that the President “shall” impose sanctions. The president must choose 5 (of 12) categories of sanctions:
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1) Unless something dramatic happens, we are getting close to S400 delivery. I have noticed that there is a lot of confusion among many folks about CAATSA and what happens when if the Turks take delivery of the air defense system. Here is the process:
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3/ 1) Export-Import Bank Assistance for Exports to Sanctioned Persons 2) Export Sanctions: This means no export licenses or other means to facilitate exports. 3) Loans from U.S. Financial Institutions 4) Loans from International Financial Institutions
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4)/ 5) Prohibition of Financial Institutions: Turkish banks would not be able to sell U.S. debt instruments and the financial institution could not be a repository for U.S. government funds.
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5/ 6) Procurement Sanctions: The U.S. government will not enter into any procurement contracts with sanctioned person. 7) Foreign Exchange 8) Banking Transactions 9) Property Transactions
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6/ 10) Ban on Investment in Equity Debt of Sanctioned Person 11) Exclusion of Corporate Officers: No visas 12) Sanctions on Principals Executive Officers
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7/ Under Executive Order 13849 covering section 231 of the CAATSA legislation the term “person” means an individual or entity and “entity” means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization.
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8/ If any of these facilitate the purchase, transfer, and deployment of the S400, they are subject to sanctions.
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9/ Neither the CAATSA legislation nor the Executive Order covering Section 231 (most relevant to Turkey) of the legislation establish a timeframe for the imposition of sanctions, but the process would be as follows:
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10/ --Turkey takes delivery of the S400; --The NSC convenes to determine whether Turkey has “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”;
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11/ If the NSC determines that the threshold has been met [almost certainly], the Treasury Department will conduct a review of possible sanctions and their effects and recommend to the President which sanctions should be imposed;
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12/ An Executive Order is written imposing sanctions; The President signs the Executive Order. There is no time limit on when the President must sign the Executive Order thus imposing sanctions. It could take days or weeks or months. END
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Hey Gentleman, what's up? The thread is compiled, don't hesitate to share it. Have a good reading:https://threader.app/thread/1148224369807810561 …
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