3. Consider the following statements regarding the Countering America’s Adversaries Through Sanctions Act (CAATSA):
- It is a federal law of the U.S that has been used to impose sanctions against Iran and Russia only.
- This act prevents trade partners of the US from entering into bilateral contracts with the countries sanctioned under the law.
- Under a provision of the law, Saudi Arabia, Israel, Canada, and India are exempted from facing sanctions.
Which of the above statement(s) is/are incorrect?