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US warns partners about sanctions risk
Why is it the news?
- US officials have urged all of its allies and partners to forgo transactions with Russia that risk triggering sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA).
More in the news?
- The news came after a day when External Affairs Minister S. Jaishankar had said that he was “reasonably convinced” of persuading the U.S. to accept India’s decision on the purchase of the Russian S-400 missile defence system.
- India had agreed to purchase the surface-to-air missile system from Russia in 2018 for about $5.2 billion, risking sanctions under the 2017 U.S. CAATSA law.
Source
The Hindu