India, Sept. 18 -- The US has decided to revoke the sanctions exception linked to Iran's Chabahar Port issued in 2018. With this, entities linked to operations at the port would be exposed to sanctions under the Iran Freedom and Counter-Proliferation Act (IFCA), the US Department of State said in a release.

The revocation of the sanctions waiver will be effective from September 29.

India stands to get impacted by this move as the country eyes the Chabahar Port as an important project in context of regional trade and connectivity initiatives.

Published by HT Digital Content Services with permission from Hindustan Times....