The US has granted India a six-month exemption from sanctions on Iran’s Chabahar port, the MEA said. The decision follows talks between both nations after the earlier one-month relief expired. India, a key partner in Chabahar’s development, aims to use the port to strengthen regional trade and connectivity with Iran and Central Asia
Chabahar Port in Iran. PIC/X@reachind_uk
The US has granted India a six-month exemption from 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.
Last 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.
The Chabahar port is being developed by India and Iran to boost connectivity and trade ties.
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