Cricket World Cup 2019

Business Other News 25 Apr 2019 Chabahar won't be im ...

Chabahar won't be impacted: US

DECCAN CHRONICLE. | LALIT K JHA
Published Apr 25, 2019, 1:28 am IST
Updated Apr 25, 2019, 1:28 am IST
A State Department spokesperson told PTI that the operation of Chabahar Port is a separate exception.
US President Donald Trump
 US President Donald Trump

Washington: The strategic Chabahar port project, being developed by India in Iran, is a separate exception and 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 tough American sanctions, a State Department official said.

The Chabahar port, 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.

 

The port, which is easily accessible from India's western coast, is increasingly seen as a counter to Pakistan's Gwadar Port which is being developed with the Chinese investment.

A State Department spokesperson told PTI that the operation of Chabahar Port is a separate exception.

"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," the official said.

President Trump, in a move that could have implications on India's energy security, on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran's top export commodity.

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

The US move, seen as an escalation of the Trump administration's "maximum pressure" on Iran, comes after it gave180-days waiver to eight countries, including India, China, Turkey and Japan among others last year.

...


Cricket World Cup 2019


ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT