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Tag: us iran sanctions

  • “Anyone Considering Business Deals With Iran…”: US Warns Of Sanctions After India-Iran Chabahar Port Deal | world news

    Hours after India signed an agreement to operate the Chabahar Port in Iran for 10 years, the United States has warned that “anyone” considering business deals with Tehran needs to be aware of the “potential risk of sanctions.”

    The US State Department Principal Deputy Spokesperson, Vedant Patel, however, also said that it will let the Indian government speak on its foreign policy goals.

    “We are aware of these reports that Iran and India have signed a deal concerning the Chabahar Port, I would let the government of India speak to its own foreign policy goals, vis-a-vis the Chabahar Port as well as its own bilateral relationship with Iran,” Vedant Patel said in the press briefing on Monday (local time).

    He added: “I would just say…US sanctions on Iran remain in place and we will continue to enforce them.”

    “Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions,” Patel said.

    The Long-Term Bilateral Contract on Chabahar Port Operation was signed between Indian Ports Global Limited (IPGL) of India and the Port & Maritime Organization (PMO) of Iran on Monday, enabling the operation of Shahid-Behesti port in the Chabahar Port Development Project. for a period of 10 years.

    IPGL has committed to further equipping and operating the port for the duration of the contract. At the end of the 10-year period, both sides would further extend their cooperation in Chabahar.

    IPGL will invest approximately USD 120 million in equipping the port. India has also offered an in-credit window equivalent to USD 250 million, for mutually identified projects aimed at improving Chabahar-related infrastructure.

    This 10-year long-term lease agreement further strengthens the bilateral ties between the two countries while bolstering confidence and boosting trust among trading communities in the region.

    The Chabahar Port is an India-Iran flagship project that serves as an important transit port for trade with Afghanistan and Central Asian countries, which are landlocked countries. India has been a key player in the development and operation of Chabahar Port.

    The Indian government has invested in the port’s infrastructure and has been involved in upgrading its facilities to make it a viable transit route for Indian goods bound for Afghanistan and Central Asia.

  • US sanctions Iranian team that put bounty on Salman Rushdie’s lifestyles

    America is implementing monetary consequences on an Iranian-based organisation that raised cash to focus on British-American creator Salman Rushdie, who was once violently attacked in August at a literary tournament.

    Treasury’s Administrative center of International Belongings Keep an eye on sanctioned the 15 Khordad Basis, which issued a multimillion-dollar bounty for the killing of Rushdie. He wrote “The Satanic Verses,” which some Muslims believe blasphemous.

    Rushdie’s agent says the creator has misplaced sight in a single eye and the usage of a hand as he recovers from an assault by way of a person who rushed the level on the tournament in western New York.

    “The USA won’t waver in its resolution to get up to threats posed by way of Iranian government towards the common rights of freedom of expression, freedom of faith or trust, and freedom of the clicking,” stated Brian Nelson, Treasury’s beneath secretary for terrorism and fiscal intelligence.

    “This act of violence, which has been praised by way of the Iranian regime, is appalling. All of us hope for Salman Rushdie’s fast restoration following the assault on his lifestyles.”