The Sri Lankan government assured it will resolve the payment concerns of tea exports that are dampened by the US sanctions on Iran, as the central bank has now begun to negotiate with a couple of international banks to get assistance on payment term mechanism, a minister confirmed.
Iran has agreed to build a new oil refinery for Sri Lanka in addition to upgrading its ageing 50,000 barrel per day (bpd) state-owned refinery, said Sri Lankan Cabinet spokesman Rajitha Senaratne on Wednesday.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Sunday stressed the need to expand trade ties between Iran and Sri Lanka, saying the two countries have much more capacities for pushing up trade volume.
The Islamic Republic of Iran and the Democratic Socialist Republic of Sri Lanka signed four memoranda of understanding and one document on cultural exchanges in the presence of the presidents of the two countries on Sunday.
Sri Lanka shut down social messaging networks including Facebook on Wednesday to control violence targeted at the country’s minority Muslims, officials said, even after the imposition of emergency on the Buddhist-majority island.