Potential risk of sanctions for any business deals with Iran, says US

Pic/AFP

Any country having business dealings with Iran runs the risk of sanctions, the United States has said, noting that it is aware that Iran and India have signed a deal concerning the Chabahar port.

'We're aware of these reports that Iran and India have signed a deal concerning the Chabahar port. I will let the government of India speak to its own foreign policy goals vis-à-vis the Chabahar port as well as its own bilateral relationship with Iran,' State Department Deputy Spokesperson Vedant Patel told reporters at his daily news conference.

'I will just say, as it relates to the United States, US sanctions on Iran remain in place and we'll continue to enforce them,' he said in response to a question on India's deal with Iran on the strategic Chabahar port.

'You've heard us say this in a number of instances, that any entity, anyone considering business deals with Iran, they need to be aware of the potential risk that they are opening themselves up to and the potential risk of sanctions,' Patel said.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever