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SL,Iran explores oil trade expansions bypassing US sanctions

22 February 2024 08:31 am - 5     - {{hitsCtrl.values.hits}}

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Colombo, Feb 22 (Daily Mirror) - Sri Lanka and Iran are exploring the possibility of expanding trade in oil bypassing the U.S. sanctions, an informed source said.  Iran is facing difficulties in trading goods after the US unleashed its “toughest ever” sanctions against that country over the nuclear deal.  

Iranian Foreign Affairs Minister Hossein Amir Abdollahian who was in Sri Lanka is reported to have discussed the matter with the Sri Lankan leaders during his interactions with them.  

An informed source familiar with what transpired during talks said some oil transactions take place through third parties, but the two decided to explore the possibility of expanding trade despite U.S. sanctions.  

An informed source familiar with what transpired during talks said some oil transactions take place through third parties, but the two decided to explore the possibility of expanding trade despite U.S. sanctions.  

Sri Lanka started bartering tea to Iran last year in lieu of $250 million owed for oil purchased earlier. Asked about the progress in this regard, the source said the transaction is well in progress at the moment. Earlier, the two sides also agreed on the need for the Central Banks of the two countries to be in contact to work out modalities.  

However, the source declined to elaborate on them. The Iranian Foreign Minister, who arrived on an invitation extended by Minister of Foreign Affairs Ali Sabry, was in Sri Lanka from February 19 to 21.    


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  Comments - 5

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  • GOLD DIGGER Thursday, 22 February 2024 12:11 PM

    GO TRY BYPASSING THE US SANCTIONS AND SEE WHERE IT GETS THE COUNTRY, IS ALI BABA AND THE FOURTY THIEVES TRYING A FAST ONE? LOOKS LIKE ALI IS EXPOSING HIMSELF ONCE AGAIN AS A MAN WITH A BIRDS BRAIN!! THIS MAN GOT CAUGHT BRINGING IN GOLD AND PHONES IF i RECALL AND WAS GIVEN THE LIBERTY TO PAY A FINE, WHO THE HELL KNOWS IF HE PAID THE FINE!! THIS IS ANOTHER IDIOT HALUCINATING WHILE THE SUN SHINES, HE SHOULD BE KICKED OUT TOO.

    Raven Thursday, 22 February 2024 01:15 PM

    This is a different Ali Sabry you moron. Now you better turn your pages to sling mud at the Foreign Minister Sabry. Hahaha.

    Cannot read the All Caps shouting you do Thursday, 22 February 2024 01:33 PM

    Your all caps is not readable font. Looks like sentiment gone mad with anger comment, but just glancing at it.

    Adwani Thursday, 22 February 2024 08:44 PM

    Out of USD 251 million only USD 20 million worth of Tea Leaves exported to Iran after a long time. Since independence, SL progress by local politicians is always dead slow with zero success.

    Haircut by delay, and in 100 year 250 million USD can buy a lot less Saturday, 24 February 2024 05:17 PM

    Plan maybe is to pay the outstanding amount is paid back over 100 years, as it is seems unless tea prices go up that's how long it will take. Iran already suffer the buy oil and don't pay haircut, and last year many more creditors suffer the same fate.


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