The State Department is further specializing in the CAATSA sanctions (Law on Dealing with America's Opponents Through Sanctions) that were imposed last December against Turkey for acquiring the Russian S-400 system. The sanctions target the Turkish Defense Industry (SSB) as well as four senior officials, including SSB President Ismail Demir.
The State Department decision on further specification of sanctions is scheduled to be published in the Federal Register on Wednesday, April 7.
Sanctions Against SSB
• Any U.S. government agency will not issue or grant any special licenses or authorizations in any case where applicable law requires review or approval by the U.S. Government for the export or re-export of goods or technology to the SSB.
• US financial institutions are prohibited from lending or lending to the SSB in excess of $ 10.000.000. This ban will be valid for one year and provides as the only exception the financing of SSB activities that have a humanitarian character.
• The Export-Import Bank
The United States will not approve the issuance of any guarantee, insurance, or credit extension in connection with the export of any goods or services to SSB.
• The US will exert its influence in all international financial institutions to oppose any loan to SSB.
Sanctions Against Natural Persons
In addition to SSB President Ismail Demir, the sanctions target Vice President Farouk Gizit, Chief of Air and Space Defense Serhat Gncoglu and Regional Defense Program Director Mustafa Alper Deniz.
Source: Cnn.gr