• Tuesday, May 24, 2022

Business

US Exempts India Backed Iran’s Chabahar Port From Sanctions

The United States will exempt from sanctions the development of Chabahar along with an attached railway project and Iranian petroleum shipments into Afghanistan, the US state department said (Photo: ATTA KENARE/AFP/Getty Images).

By: Radhakrishna N S

The United States said on Tuesday (6) that it would exempt Iran’s Indian-backed port of Chabahar from new sanctions on Tehran, recognising the value of the project to Afghanistan. Late last year, Iran inaugurated the port on the Indian Ocean which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy, Pakistan. The United States will exempt from sanctions the development of Chabahar along with an attached railway project and Iranian petroleum shipments into Afghanistan, the US state department said. President Donald Trump’s “South Asia strategy underscores our ongoing support of Afghanistan’s economic growth…

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