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ECONOMYNEXT – Sri Lanka’s International Minister Ali Sabry met together with his Irarian counterpart Hossein Amir-Abdollahian on Saturday (05) and mentioned bilateral relations because the island nation is within the technique of beginning a crude fee via exporting tea to Tehran.
Sri Lanka inked a deal in December 2021 to set off export of tea to Iran towards a legacy oil credit score owed by state-run Ceylon Petroleum Company to the Nationwide Iranian Oil Firm, with out busting US sanctions.
Nonetheless, the ‘oil for tea’ deal didn’t materialize till latest months on account of some sensible difficulties, each Iran and Sri Lankan officers have instructed EconomyNext.
Sri Lanka owes 4251 million for crude imported earlier than the US imposed sanctions on Iran.
“Glad to fulfill with Hossein Amir-Abdollahian , the International Minister of Iran at Iran International Ministry in Tehran. We mentioned increasing our bilateral interactions in addition to on regional and worldwide points,” Sabry mentioned in his official twitter platform.
Sabry has traveled to Tehran on the invitation of Iran’s International Minister Abdollahian and is scheduled to fulfill President Ebrahim Raisi and another senior officers of Iran in his four-day official go to.
The conferences will concentrate on a brand new space of bilateral relationship and discover new investments whereas the sanctions are on, a Sri Lankan International Ministry official instructed Economic system Subsequent.
“Sri Lanka doesn’t wish to go towards the sanctions, however it desires to have shut relations with Iran,” the official mentioned. (Colombo/August 05/2023)
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