India has secured a six-month extension for the sanction waiver on the Chabahar Port that's crucial to New Delhi's regional connectivity plan by serving as a gateway to Afghanistan and Central Asia-Japanese Russia.
The US sanctions waiver expired on Tuesday and India has been capable of safe the extension from the US until April 2026, MEA mentioned on Thursday. ET was the primary to repeat that India has secured a waiver for the strategically positioned port. Intense negotiations have been held on the matter as India argued on the requirement for effectiveness of the Chabahar Port as a part of its regional connectivity plan.
ET was the primary to report that New Delhi was engaged in securing an extension on the sanctions waiver and that the matter was into account. The US had earlier set a deadline of September 29 for revocation of sanctions waiver for the port. On Might 13, 2024, India signed a 10-year contract to function the Chabahar port.
