Sri Lanka will pay off debt to Iran for oil with tea

24 December 2021, 01:28 | Economy
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Sri Lankan authorities offered Iran to pay for oil with tea. The country has a debt of $ 251 million.

Writes about this BBC.

According to the Minister of Plantations Ramesh Patiran, the country plans to start supplying tea to Iran as early as January 2022..

Sri Lanka will send $ 5 million in tea every month to pay off debt that has been postponed over the past four years.

Today, Sri Lanka is experiencing a serious economic crisis due to the coronavirus pandemic, in connection with which the calculation of tea would allow it to save on foreign currency..

At the same time, sanctions against Iran make it difficult to transfer debt, and tea, meanwhile, is included in the category of essential products, and therefore its export will in no way violate international laws..




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