In the further specialization of sanctions CAATSA (Law on Dealing with America’s Opponents Through Sanctions) that were imposed last December against Turkey for acquiring the Russian S-400 system goes on State Department.
The sanctions target the Turkish Defense Industry (SSB) but and four senior executives, which includes SSB President Ismail Demir. His decision State Department for further specification of sanctions is scheduled to be published in the Government Register (Federal Register) on Wednesday 7 April.
Sanctions against SSB
- Any U.S. government agency will not issue or grant any special license or authorization 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 of the United States will not authorize 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 on all international financial institutions to oppose any loan to SSB.
Sanctions Against Natural Persons
In addition to SSB President Ismail Demir, the vice president, according to AMPE, is also targeted by sanctions. Farouk Gizit, the head of air defense and space Serhat Gntsoglou and the director of regional air defense programs Mustafa Alper Deniz.
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