New U.S. Sanctions Target Turkey’s Defense Sector
By EsqSocial Corporation 21/12/20
On December 14, 2020, the U.S. Department of State initiated a series of sanctions pursuant to Section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) that target the Turkish Presidency of Defense Industries (SSB). The sanctions deny new U.S. export licenses to SSB and limit the SSB’s access to credit from U.S. and international financial institutions....
By: Pillsbury - Global Trade & Sanctions Law