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tehran-colombo Archives - Iran News Daily
Tehran, Colombo Revive Tea Barter Agreement 08 Jul 2023

Tehran, Colombo Revive Tea Barter Agreement

Iran and Sri Lanka revived an agreement to barter tea to retire $250 million in oil debts dating to 2012. The agreement effectively bypasses Western sanctions and will ease financial hardships in both countries caused by politics, economics, and war.