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Countering America’s Adversaries Through Sanctions Act of 2017- Additional Parties and Sanctions Added

On September 29, 2017, the President delegated the Countering America’s Adversaries Through Sanctions Act (“CAATSA”), which became effective July 28, 2017, to the authority of the Secretary of State.  Additional parties and sanctions were just added on September 20, 2018.

Under the provisions of this Act sanctions were imposed on certain persons (individuals and entities) who have knowingly engaged in a significant transaction, on or after the date the Act was enacted with a person that is part of or operating on behalf of the defense or intelligence sectors of the Government of the Russian Federation. These sanctions were designed for imposition 180 days after enactment on persons designated as part of or operating on behalf of the defense or intelligence sectors of the Government of the Russian Federation.

Sanctions imposed do not restrict all business transactions nor all U.S. export transactions with these companies, but U.S. companies are advised to restrict any business involving these individuals or companies pending determination if that business activity would be restricted under CAATSA or other U.S. sanctioned list restrictions.

Please note additional persons may be added to list in the future.

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