India to exit Chabahar port stake amid sanctions pressure

“India to exit Chabahar port stake amid sanctions pressure India is planning to sell its stake in the Chabahar Port to an Iranian company due to the expiry of a US sanctions exemption, according to a report by Business Standard. The report said India is also considering an interim arrangement in which an Iranian operator would manage the port during the sanctions period, with the possibility of India resuming operations later. Russian Navy frigate “Yaroslav Mudry” moored at Chabahar during Iran-Russia-China joint naval drills, in the Gulf of Oman, 27 December 2019. AFP

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