Current Affairs

US exempts India from imposition of sanctions development of Chabahar Port

United States has exempted India from imposition of certain sanctions for development of strategically-located Chabahar port in Iran, along with the construction
US exempts India from imposition of sanctions development of Chabahar Port
 of a railway line connecting it with the landlocked Afghanistan.
  • The decision comes after US imposed toughest ever sanctions on Iran under Iran Freedom and Counter-Proliferation Act, 2012.

Details:

  • The exemptions to India are with respect to development of Chabahar port, construction of 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. This exception relates to the reconstruction assistance and economic development for Afghanistan.
  • These activities are vital for ongoing support of Afghanistan's growth and humanitarian relief.
  • It is also a part of US President Donald Trump's South Asia strategy which underscores US's ongoing support of Afghanistan's economic growth and development as well as a close partnership with India.
  • This strategy states that India has a major role in bringing peace and development in Afghanistan.

About the Sanctions:

  • US has imposed toughest ever sanctions on Iran aimed at altering the Iranian regime's "behaviour".
  • The sanctions cover Iran's banking and energy sectors and reinstate penalties for countries and companies in Europe, Asia and elsewhere that do not halt Iranian oil imports.
  • However, eight countries- India, China, Italy, Greece, Japan, South Korea, Taiwan and Turkey- were temporarily allowed to continue buying Iranian oil as they showed significant reduction in oil purchase from Iran.

Question:

Q. United States has exempted India from imposition of certain sanctions for development of which strategically-located port in Iran?
a. Gwadar
b. Chabahar
c. Bahar
d. None of the above
US exempts India from imposition of sanctions development of Chabahar Port US exempts India from imposition of sanctions development of Chabahar Port Reviewed by Inderjeet Virdi on November 10, 2018 Rating: 5

No comments: