India Gets a Reason to Rejoice as No CAATSA For India
India Exempted From CAATSA

A bipartite support from U.S. legislators for India will make it highly unlikely for India to face punitory American sanctions imposed on allies of Russia and Iran. The chief of one of the top-shot American business advocacy group has assured that they will find out a positive solution.

The danger of Provisions of the Countering America’s Adversaries Through Sanctions Act (CAATSA) looms over India as well as several other allies and close friends of the U.S. with authorizations for dealing significant transactions with Russian intelligence and defense sectors.

Where the Trump Government is cut all ties with Iran and stop importing Iranian oil from November, on the other hand, India plans on to buy five S-400 Triumf air defense systems from Russia that will roughly cost around $4.5 billion.

After Iraq and Saudi Arabia, Iran is India’s third-largest oil supplier. Iran exported 18.4 million tonnes of crude oil in the first 10 months of 2017-2018 fiscal i.e. during April 2017 and January 2018.

Mukesh Aghi, President of U.S.- India Strategic and Partnership Forum (USISPF) stated in his interview with PTI, “The momentum that I am seeing is positive. The attitude and intentions (of the Trump Administration) are positive. So hopefully, we will have a positive solution (on the CAATSA and Iranian oil sanctions before the next two + two India US Dialogue).”

The USISPF conducted its first annual leadership summit last week which saw top officials from the U.S. with former Secretary of State Henry Kissinger and officials from India as well.

Referring to the speeches made by the officials from both Democratic and Republican parties, Mr. Aghi pronounced bipartisan support and their opinions for India to be “extremely positive.”

In Aghi’s words, Henry Kissinger considered India as a country with shared value, vital interest, and one of the most important relationships the U.S. has today. It is a valuable statement made by Mr. Kissinger indicating positivity in India-U.S. ties.

Highlighting the remarks of Kissinger, it seems that the American chief has faith in a relationship where the thinking is united.

Instead of working upon, the relationship needs a constant consultation to be maintained. Here comes the role of USISPF, to make sure that the consultation process is constantly driven.

Regarding CAATSA, he informed that everybody in the U.S. seems appears to be working on it.

Defence Secretary Jim Mattis in his written letter to Senator John McCain discussed finding a solution for India so that it is not subjected to U.S. sanctions.

On the topic of Iran sanction, the Trump Administration has exempted India’s development in Chhabhar. More than a legislative issue, it is an executive issue. After seeing these positive attempts of the U.S. legislators, Mr. Aghi feels that there will be a concrete solution by November.