India’s Chabahar port project in Iran won’t be impacted by US sanctions


India’s Chabahar port project in Iran won’t be impacted by US sanctions

The Chabahar port project, being developed by India in Iran, will not be impacted by US President Donald Trump’s decision not to renew exemptions that let eight countries including India to buy Iranian oil without facing American sanctions, a State Department official said.

“The exception for reconstruction assistance and economic development for Afghanistan, which includes the development and operation of Chabahar Port, is a separate exception, and is not affected by yesterday’s announcement,” a State Department Spokesperson told PTI.

A day earlier, Trump decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran’s top export commodity. “The President’s South Asia strategy underscores our ongoing support of Afghanistan’s development as well as our close partnership with India Read more

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