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After oil imports, the strategic Indian investment in Chabahar Port also secures relief from US sanctions on Iran

 India’s investment in Chabahar port as a strategic project to provide supply lines to war torn Afghanistan bypassing Pakistan has crossed yet another hurdle with United States exempting the project from the wide ranging sanctions it had imposed in Tehran a few days back.

The US announced it has provided for an “exception” from certain sanctions — an exemption, in other words — to the Iranian port of Chabahar that India has developed and used for reconstruction efforts in Afghanistan.

United States has already announced that India and seven other countries including China have been exempted from the sanctions for import of crude and petroleum products from Tehran for a limited period.

“After extensive consideration, the Secretary of state has provided for an exception from the imposition of certain sanctions with respect to the development of Chabahar Port and the construction of an associated railway and for the shipment of non sanctiond goods through the Port for Afghanistan,” a state department spokesperson said.

Afghanistan’s imports of Iranian petroleum products were also being exempted from sanctions.

The exemptions were linked to the reconstruction effort in Afghanistan, to which India has been a key contributor, a role that was recognized  by the US Establishment. The relief given to Indian to India is part of US strategy which  “underscores our ongoing support of Afghanistan’s economic growth and development as well as our close partnership with India”.

Chabahar had been possibly given an exemption as it had not figured in the comprehensive list of 700 sanctioned Iranian individuals and entities — 400 from the earlier rounds of sanctions and 300 new — that was published by the US treasury department on October fifth. .

The strategic Chabahar port where India manages two terminals through Kandla port has shipped about 110 thousand metric tons of wheat and 2,000 metric tons of pulses from India to Afghanistan according to official sources.

 

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