We all are now witnessing what globalization is all about. We realize that our degree of interdependence is such that it is not only our shared humanity that makes us care about what’s happening to the population of Ukraine, but also our daily lives, sometimes in painful ways.
Sri Lanka would send tea to Iran to settle a debt for past oil imports, with the South Asian country turning to the commodity as a payment option in the face of diminishing foreign reserves and sanctions on Iran.
According to the Tehran Times, which cites Iran's Trade Promotion Organization, representatives from the two nations signed a memorandum of agreement on Tuesday that states Sri Lanka will clear $251 million in oil import dues to Iran by exchanging tea.
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