US Grants 6 Months Sanctions Waiver To India On Chabahar Port
Chabahar Port- Wikipedia
New Delhi- The US has granted India a six-month exemption from American sanctions on the Chabahar port in Iran, the External Affairs Ministry (MEA) said on Thursday.
The sanctions were to come into effect from September 29 but following talks between the two sides, an exemption of one month was granted. The fresh exemption of the six-month period will be effective from October 29.
“For Chabahar port in Iran, we have been granted exemption for a six-month period from the US sanctions,” External Affairs Ministry spokesperson Randhir Jaiswal said at his weekly media briefing.
ADVERTISEMENTLast month, the Trump administration announced its decision to revoke the 2018 sanctions waiver with regard to the strategically-located Chabahar port in Iran.
India is a major partner in development of the Chabahar port, located in the Sistan-Balochistan province Iran's southern coast. It is currently operating the Shahid Beheshti terminal at the port.
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