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US sanctions on Iran: Here's how work at Chabahar Port will be affected

When the American sanctions are in place, importing equipment to Iran for a joint project would be a problem, says expert

ANI  |  New Delhi 

Chabahar port

With the pulling out from the landmark 2015 nuclear deal, the subsequent sanctions that would be imposed by Washington D C on would affect the work at Port undertaken by and Iran, says a defence expert.

Speaking to ANI, defence expert, said, "was supposed to enable to be able to access bypassing When the American sanctions are in place, importing equipment to for a joint project would be a problem."

"More importantly, has invested almost half a billion dollars in Port creating their infrastructure. It is a relatively nascent stage. Chabahar is a work in progress. But, it has long-term implications. In terms of India, it is having a co-hold in a very crucial maritime part of the region," he added.

The is located in on the Gulf of It serves as Iran's only oceanic port. The port is intended to provide an alternative route for trade between India and

In October last year, India sent its first shipment of wheat to through the

Commenting on US Donald Trump's decision to walk out from the Iran Deal, Shankar underscored that he had exited the deal due to his "own assessment", adding that whatever decision his predecessor took, he had outwardly rejected it.

Acknowledging that it would lead to a turbulence within the region, he added that much depends upon the European countries on how to deal with the US.

"A lot will depend on Iran's response and also kinds of responses from and For India, we need to calibrate our position depending on responses at different levels."

Trump on Tuesday announced the US withdrawal from the Iran deal or the (JCPOA), calling it as an "embarrassment" and "defective at its core".

He terminated the US participation in the JCPOA citing that the deal failed to protect America's national security interest.

Shankar asserted that the sanctions on Iran's trading activities would complicate with India.

"Iran is an important energy supplier, it is the third largest supplier of If the US is going to be very inflexible with Iran's trade, we would be affected. We would have to see how this plays out," he said.

He called for collective efforts to be done by the European countries to prevail upon Trump's decision. He, however, stressed that this would be unlikely.

The Iran nuclear deal was signed between six countries in 2015 - Iran, the US, Britain, Germany, Russia, France, and for lifting economic sanctions on in exchange for limitations to the country's nuclear programme.

Other world powers have vowed to uphold the landmark deal. The deal places restrictions on Iran's nuclear programme.

First Published: Thu, May 10 2018. 16:30 IST
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