India is likely to divest its stake in Iran’s Chabahar port to a local entity ahead of the expiry of a US sanctions waiver, Business Insider reported, citing people familiar with the matter.
The report said the move would allow operations at the strategic port to continue while avoiding sanctions risks, with the possibility of transferring control back to India once restrictions are lifted.
Chabahar is seen as key to India’s access to Afghanistan and Central Asia, bypassing Pakistan.
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