Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Yemeni Armed Forces: We carried out three operations targeting Umm al-Rashrash Port, a military target in al-Naqab, and Lydd Airport with four drones
Yemeni Armed Forces: We carried out four military operations, including one targeting Lydd Airport with a Thulfiqar ballistic missile
Syria's Foreign Ministry: We welcome the US and Arab efforts aimed at resolving the current crisis peacefully.
US Secretary of State Marco Rubio says the conflicting parties agreed on the specific steps to end the hostilities in Syria, adding that the situation is expected to be resolved tonight.
Israeli media outlet: One soldier killed and two seriously injured when a tank was targeted with an explosive device east of Gaza
Israeli fighter jets targeted the Mezzeh military airport and the Moadamiyeh al-Sham mountains with several airstrikes.
Israeli fighter jets targeted the 100th Regiment in the vicinity of the Qatana area in the southwestern Damascus countryside.
The counterterrorism unit in Kurdistan Iraq says a kamikaze drone hit the US' Hand Oil field in the Baadari area of Dohuk governorate.
Israeli occupation army: Air raid sirens sounded in various areas after a missile was detected from Yemen
Hezbollah: Experience has proven that this enemy does not respect covenants, does not abide by any agreements, and only grasps the language of force

Iran allows Sri Lanka to settle oil debt using Ceylon tea

  • By Al Mayadeen Net
  • Source: Agencies
  • 23 Dec 2021 20:43
1 Min Read

According to Iranian media, Iran has agreed to use Ceylon tea as payment for a $251 million oil debt by Sri Lanka.

  • x
  • Iran allows Sri Lanka to settle oil debt using Ceylon tea
    Iran has accepted Sri Lankan debt of $251 million to be paid with Ceylon tea, according to Iranian media.

According to the head of Iran's Trade Promotion Organization, a written deal was reached to reimburse Iran's debt  in the form of a monthly shipment of tea produced in Sri Lanka.

The oil was supplied to Sri Lanka approximately 9 years ago. 

Related News

Araghchi slams Israeli aggression on Syria, warns of escalation

Pezeshkian: Iran’s response to Israeli–US assault foiled enemy plans

Although consumption has decreased in recent years, Ceylon tea made up almost half of the Iranian consumption of tea in 2016.

According to Alireza Peyman-Pak, the agreement will help sanctions-hit Iran to avoid using up limited hard cash to pay for shipments of the commonly used commodity. 

He added that Iran and Sri Lanka have "great potential to develop mutual trade," noting that Iran's non-oil exports to Sri Lanka amount to less than $100 million yearly.

According to the Sri Lankan Plantation Industries Minister Ramesh Pathirana, Iranian banks sanctioned by the US will not be included in the transaction, detailing that the agreement does not breach any UN or US sanctions due to tea's classification as a "food item under humanitarian grounds."

  • Tehran
  • Sri Lanka
  • Oil
  • Oil prices
  • Iran

Most Read

An Israeli soldier abandons an excavator during an ambush by al-Qassam Brigades. Arabic text reads "The moment the soldier fled", July, 10, 2025 (Al Qassam Military Media)

Israeli media rue al-Qassam footage, alarmed by fighters among troops

  • Politics
  • 11 Jul 2025
This satellite image from Planet Labs PBC shows damage after an Iranian attack at the al Udeid Airbase outside of Doha, Qatar, June 25, 2025 (Planet Labs PBC via AP)

Satellite images show Iran attack damaged US comms dome in Qatari base

  • Politics
  • 11 Jul 2025
Ukraine’s Corporate Carve-Up Collapses?

Ukraine’s Corporate Carve-Up Collapses?

  • Analysis
  • 11 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Druze from Syria protest in the Israeli-occupied Majdal Shams of the occupied Golan Heights, Wednesday, July 16, 2025 (AP)
Politics

Syria's Druze leaders divided over ceasefire; IOF vow more operations

Special Envoy of the Iranian Foreign Minister and his Assistant for West Asian Affairs, Raouf Sheibani. (IRNA)
Politics

Iran will not yield to snapback threats: Iran FM advisor - Exclusive

Mourners attend the funeral of the Palestinian teenager Amjad Nassar Awad Hawshiya, 15, who was killed in an Israeli raid, in the West Bank village of Yatta, south of al-Khalil, Tuesday, July 1, 2025 (AP)
Politics

'Israel' transfers Ibrahimi Mosque authority to settler council

President Donald Trump listens during a meeting with Bahrain's Crown Prince Salman bin Hamad Al Khalifa in the Oval Office of the White House, Wednesday, July 16, 2025, in Washington (AP)
Politics

Trump admin. to deny bond hearings for undocumented immigrants

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS