Relief to India, which has a pact with Iran and Afghanistan to develop the project
Activities related to the development of the Chabahar port in Iran will be exempt from U.S. sanctions that kicked in on Monday, following the 180-day cool-off period after the U.S. withdrew from the Joint Comprehensive Plan of Action ( JCPOA or the 'Iran Deal') in May.
This waiver will bring some measure of relief to India which had been discussing a sanctions exemption for Chabahar, having signed an agreement with Iran and Afghanistan in May 2016 for the port's development.
India has committed $500 million to the project and $2 billion to build a railway line from Chabahar to Hajigaj in Afghanistan.
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