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US exempts India from certain sanctions for development of Chabahar port in Iran

Press Trust of India  |  Washington 

The has exempted from imposition of certain sanctions for the development of the strategically-located port in Iran, along with the construction of the railway line connecting it with

The decision by the Trump administration, which a day earlier imposed the toughest ever sanctions on and is very restrictive in giving exemptions, is a seen as a recognition by of India's role in development of the port on the Gulf of Oman, which is of immense strategic importance for the development of war-torn

"After extensive consideration, the (of State) has provided for an exception from imposition of certain sanctions under the Freedom and Counter-Proliferation Act of 2012, with respect to the development of port, construction of an associated railway and for shipment of non-sanctionable goods through the port for Afghanistan's use, as well as the country's continued imports of Iranian petroleum products," a told

The US on Monday imposed "the toughest ever" sanctions on a defiant aimed at altering the Iranian regime's "behaviour". The sanctions cover Iran's and and reinstate penalties for countries and companies in Europe, and elsewhere that do not halt Iranian imports.

However, of State said that eight countries -- India, China, Italy, Greece, Japan, South Korea, and -- were temporarily allowed to continue buying Iranian as they showed "significant reduction" in purchase from the country.

To a question on the fate of port after the US reimposed all its sanctions on Iran, the said, "This exception relates to reconstruction assistance and economic development for These activities are vital for the ongoing support of Afghanistan's growth and humanitarian relief."

In May 2016, India, Iran and Afghanistan had inked a pact which entailed establishment of Transit and Transport Corridor among the three countries using as one of the regional hubs for in Iran, besides multi-modal transport of goods and passengers across the three nations.

Pompeo's decision to give exemption from imposition of certain sanctions for the development of the port is driven by the South Asian strategy, which was announced by in August. It states that has a major role in bringing peace and development in Afghanistan.

"The president's South strategy underscores our ongoing support of Afghanistan's economic growth and development as well as our close partnership with India," the said.

"We seek to build on our close relationships with both the countries as we execute a policy of maximum pressure to change the Iranian regime's destabilising policies in the region and beyond," the spokesperson added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 07 2018. 04:45 IST
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