US sanctions not to hit Chabahar port
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US sanctions not to hit Chabahar port

Pennews

The strategic Chabahar port project, India is developing in Iran is an exception and will not be affected by the US President, Mr.  Donald Trump’s decision not to renew exemptions that let eight countries, including India, to buy Iranian oil without facing tough American sanctions.

Chabahar which is considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries is located on the Indian Ocean in the Sistan and Baluchistan province of Iran.

Easily accessible from the west coast, it is increasingly seen as a counter to the Gwadar port in Pakistan which the Chinese are developing with their investment. According to US State Department official the operation of Chabahar is a separate exception.

'That exception for reconstruction assistance and economic development for Afghanistan, which includes the development and operation of Chabahar Port, is a separate one and is not affected by yesterday’s announcement.'

Mr. Trump, in a move that could have implications on India’s energy security, had  decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Teheran’s top export commodity.

The US re-imposed sanctions last November, after Mr. Trump pulled out of the landmark 2015 Iran nuclear deal.

The move, seen as an escalation of the Trump administration’s 'maximum pressure' on Iran, comes after it gave temporary 180-days waiver to eight countries, including India, China, Turkey and Japan among others last year.

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