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America is threatening to sanction India now. Because threatening China over pulling their USD isn't enough, we need to have India accelerate de dollarization even faster too.
>The new 10-year agreement between India and Iran to develop the Chabahar port carries the “potential risk” of sanctions, the U.S. State Department said, casting a cloud over whether the special exemption India had received from the U.S. in 2018 will still be applicable for the next phase of development and investments in the Iranian project.
>In particular, India’s plans under the new agreement to invest approximately $120 million in equipment for the port and a credit window of $250 million are likely to be under the scanner if the U.S. decides against extending its sanctions carve-out for India.
>“We’re aware of these reports that Iran and India have signed a deal concerning the Chabahar port,” U.S. State Department Spokesperson Vedant Patel said. “As it relates to the United States, U.S. sanctions on Iran remain in place and we’ll continue to enforce them,” he said, adding that all entities considering business deals with Iran “need to be aware of the potential risk that they are opening themselves up to and the potential risk of sanctions”.
>The [Indian] External Affairs Ministry declined to comment on the U.S.’s response.
