Business Standard

US sanctions on Iran threaten key trade project in Afghanistan

Trump's decision to re-impose sanctions on Iran is clouding Chabahar's viability as banks, nervous they could be hit with the crippling penalties, pull back from financing

Chabahar port
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Launched in 2016, the joint Iran-India-Afghanistan Chabahar project is already facing holdups

Reuters
US President Donald Trump's decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail a project to help build Afghanistan's economy, endangering a key goal of the US strategy to end America's longest war.

The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for land-locked Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour.

Building Afghanistan's economy would also slash Kabul's dependence on foreign aid and put a major dent in the illicit opium

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