U.S. will regret sanctions

U.S. will regret sanctions

Each of those countries has already demonstrated significant reductions of the purchase of Iranian crude over the past six months, and indeed two of those eight have already completely ended imports of Iranian crude and will not resume as long as the sanctions regime remains in place.

The U.S. sanctions had threatened India's ability to obtain financing for the development of Chabahar, which could potentially end Afghanistan's dependence on Pakistan's port of Karachi.

India has warm relations with Iran and has joined China and European powers in saying it was not obligated to comply with the unilateral USA sanctions, although it has sought to appease Washington by curbing some of its Iranian oil imports.

Meanwhile, US ambassador to Afghanistan John Bass said the US has, after extensive consideration, provided an exception under the Iran Freedom and Counter-Proliferation Act.

US President Donald Trump's administration in May reinstated all sanctions lifted under the 2015 nuclear deal, targeting both Iran and countries that trade with it in oil, financial transactions with its Central Bank and the country's port sector.

India has invested $500 million (approximately Rs 3,600 crore at current exchange rate) in the Chabahar project, which will connect the country with Afghanistan and Central Asia, bypassing Pakistan. "These activities are vital for the ongoing support of Afghanistan's growth and humanitarian relief", the spokesman said.

More news: Billboard names Ariana Grande 2018 Woman of the Year
More news: Harvick makes Championship 4 with OT win at Texas
More news: Michigan Voters Legalize Marijuana

Zahedan is also in Iran but closer to the Afghanistan border.

"The president's [Donald Trump's] South Asia strategy underscores our ongoing support of Afghanistan's economic growth and development as well as our close partnership with India", said the official.

The Persian version said the U.S. "will regret this unwise move" and emphasised that the sanctions were aimed at "separating people from each other and from the establishment".

New Delhi has poured $2 billion into development in Afghanistan since the 2001 US -led overthrow of the Taliban government.

Aparna Pande of Houston Institute think-tank said that to give an exemption to India's development of Chabahar port was a welcome decision that comes on the heels of the U.S. granting India - along with a few others - a waiver and temporarily allowing these countries to import oil in reduced quantities from Iran. This administration doesn't consider its own national interests; it only serves a small group.

Rick Rossow of the Center for Strategic and International Studies said: "Chabahar's role to transport key logistics to Afghanistan will continue to grow over time". Meanwhile, the USA government forecast that its own oil output will increase at a record pace this year.

Related Articles