US warns of sanctions after India-Iran Chabahar Port deal

The US has cautioned all nations contemplating business engagements with Iran about the ‘potential risk of sanctions’ in a warning issued shortly after India finalized a contract to manage the Chabahar Port in Iran

The US has cautioned all nations contemplating business engagements with Iran about the ‘potential risk of sanctions’ in a warning issued shortly after India finalized a contract to manage the Chabahar Port in Iran
The US has cautioned all nations contemplating business engagements with Iran about the ‘potential risk of sanctions’ in a warning issued shortly after India finalized a contract to manage the Chabahar Port in Iran

Be “aware of the potential risk”: US warns after Chabahar Port deal

After India signed a 10-year contract to operate Iran’s Chabahar Port, the US has warned that its sanctions on Iran remain in place and anyone considering business deals with them needs to be “aware of the potential risk”.

Deputy spokesperson of US Department of State Vedant Patel told the media, “We’re aware of these reports that Iran and India have signed a deal concerning the Chabahar port. I will let the government of India speak to its own foreign policy goals vis-a-vis the Chabahar port as well as its own bilateral relationship with Iran. I will just say, as it relates to the United States, US sanctions on Iran remain in place and we will continue to enforce them.”

He added that “anyone considering business deals with Iran, they need to be aware of the potential risk that they are opening themselves up to and the potential risk of sanctions”.

When a reporter asked if there’s any exemption for this, Patel responded, “No”.

India recently signed a contract to operate Chabahar Port to expand trade with Central Asia. The port on the Gulf of Oman will provide Indian goods a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called the International North-South Transport Corridor.

This route bypasses Pakistan. India had first proposed this plan back in 2003, but US sanctions on Iran over its suspected nuclear programme slowed down the port’s development.

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