Sri Lanka Volition Pay Its Crude Debt To Iran Amongst Tea

As far equally SL's large vecino goes I intend Republic of Iraq is nevertheless India's largest supplier alongside Islamic Republic of Iran straightaway inwards minute place.
If United Nations sanctions on Islamic Republic of Iran are enforced, things could teach interesting fast.*

From OilPrice:

Sri Lanka volition pay downward its fossil oil debt held yesteryear Islamic Republic of Iran alongside tea inwards answer to novel regulations that Sri Lanka has issued inwards social club to comply alongside a United Nations Security Council Resolution.

The United Nations resolution calls for the imposition of sanctions on Islamic Republic of Iran for failing to terminate its uranium enrichment program, in addition to restricts fiscal transactions alongside Iran. In answer to these restrictions, Sri Lanka is hoping to pay Islamic Republic of Iran inwards tea—a year’s worth of it.

Sri Lanka’s Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-owned fossil oil in addition to gas company, owes Islamic Republic of Iran near $250 1000000 for fossil oil shipments inwards recent months. But restrictions on payments limits CPC’s options on how to pay for the oil. The Sri Lanka Tea Board proposed a solution: compensate Islamic Republic of Iran alongside tea instead of dollars.

The proposal would accept the CPC pay for the tea, therefore the tea would hold out shipped to Iran.

“If the CPC pays us, nosotros tin give-up the ghost along the export of tea to Islamic Republic of Iran equally at that spot is no ban on this commodity. The sum the CPC owes Islamic Republic of Iran tin offset payment for a twelvemonth of tea export to Iran,” Tea Board Chairman Lucille Wijewardena said, adding that at that spot would hold out to a greater extent than discussions on the plain of written report inwards the coming week....

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Back to India, for roughly argue no 1 wants to cook an fossil oil pipeline from Iran, across Transitional Islamic State of Afghanistan or Pakistan, to India. Go figure.
There is an Iran-Pakistan gas pipeline beingness built but straightaway Bharat thinks it mightiness hold out to a greater extent than secure if the road was nether the bounding main rather than transiting their vecino to the west. 

*See for example:
Dec. 2017
"The New Great Game moves from Asia-Pacific to Indo-Pacific"

November 2010
India Orders Firms to "Scour the Earth" for Energy Supplies equally President Obama Heads Over

The Chinese approach industrial plant best if you lot accept a bluish H2O navy.
The Indian's currently accept 1 aircraft carrier, the Viraat. Back inwards 2001 the Chinese bought a Soviet carrier from Ukraine for $20 mil. in addition to said they were going to plow it into a, aahhh, casino, yes that's the ticket. They've since started run on ii more.
I accept a hunch that American schoolkids today volition hold out hearing a lot near the Indian Ocean earlier they graduate in addition to mightiness fifty-fifty hold out able to detect it on a map.*

*I hateful come upwardly on, simply hold off at the soil masses that edge it:

May 2012

Shadow War: We Told You the Indian Ocean Would Be Hot

February 2014
Indian Ocean Geopolitics: PRC Goes to the Maldives
January 2015 
"Is PRC Moving to Control the Indian Ocean?"
April 2015
"China’s Grand Plan for Pakistan’s Infrastructure"

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The Softer Side Of Clausewitz