pratiyogita kiran
pratiyogita kiran Published this article page no 01 Countering Americas Adversaries through Sanctions Act (CAATSA)s core objective is to counter Iran Russia and North Korea through punitive measures. Enacted in 2017. Includes sanctions against countries that engage in significant transactions with Russias defence and intelligence sectors. What sanctions will be imposed? 1. prohibition on loans to the sanctioned person. 2. prohibition of ExportImport bank assistance for exports to sanctioned persons. 3. prohibition on procurement by United States Government to procure goods or services from the sanctioned person. 4. denial of visas to persons closely associated with the sanctioned person. Significance of the deal The S400 decision is a very strong example of how advanced our defence and strategic partnership is and how strong Indian sovereignty is to choose its international partners especially when it comes to issues of national interest and national security. Insta Curious Do you know about the foundational agreements? There are three agreements called foundational agreements. Reference read this. InstaLinks Prelims Link 1. CAATSA is associated with? 2. Powers of US president under CAATSA. 3. Types of sanctions that can be imposed. 4. Significant defence deals between India and Russia. 5. Overview of Iran Nuclear deal. Mains Link Discuss the features and significance of CAATSA. 3. Edible oil prices Context Due to stringent measures by the government prices of edible oil have been control for the last two years despite the Covid situation.95However the war in Ukraine has driven the prices of many commodities northwards including the edible oil prices. Whats the issue? Most of the sunflower oil supplies to the country was coming from Ukraine while the domestic production accounts for less than a quarter of the demand. With Ukraine being warhit the supplies have completely stopped. As sunflower oil supplies dwindle consumers are invariably moving to groundnut and palm oils driving up their prices as well. Previously What led to increase in oil prices previously? Global commodity prices were extremely high. COVID19 is a major factor disrupting supply chains closing down industries. There was insufficient labour in the oil production industry in many countries pratiyogitakiran buy.
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