U.S. approves sanctions exception for development of Iranian port
The U.S. has approved a sanctions exemption for the development of Iran’s Chabahar Port, arguing the exemption will help grow Afghanistan’s economy.
Secretary of State Mike Pompeo signed off on the exception after the administration on Monday reimposed the last batch of sanctions that had previously been lifted as part of the 2015 nuclear deal with Iran.
“After extensive consideration, the secretary has provided for an exception from the imposition of certain sanctions under the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) with respect to the development of Chabahar Port and the construction of an associated railway and for the shipment of non-sanctionable goods through the port for Afghanistan’s use, as well as Afghanistan’s continued imports of Iranian petroleum products,” the Hill cited the State Department spokesperson as saying.
“The president’s South Asia strategy underscores our ongoing support of Afghanistan’s economic growth and development as well as our close partnership with India. We seek to build on our close relationships with both countries as we execute a policy of maximum pressure to change the Iranian regime’s destabilizing policies in the region and beyond," the State Department spokesperson added.
India is also one of eight countries that received waivers for oil sanctions that were reimposed Monday. The others are China, Italy, Greece, Japan, South Korea, Taiwan and Turkey.