Sri Lanka repays $20m Iranian oil debt with tea
Sri Lanka, Feb. 22 -- Colombo, Feb 22 (Daily Star) - Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
"So far $20 million worth of tea has been exported to Iran under the barter trade agreement," Sri Lankan Prime Minister Dinesh Gunawardena's office said in a statement after talks with Iranian Foreign Minister Hossein Amir-Abdollahian.
The tea-for-oil deal was agreed upon in December 2021, but exports were delayed by Colombo's economic crisis that forced then-president Gotabaya Rajapaksa to step down in July 2022.
The barter deal allows sanctions-hit Iran to avoid having t...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.