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Iran overtakes Russia as biggest buyer of Indian tea because of US sanctions
short by Krishna Veera Vanamali / on Tuesday, 11 February, 2020
Iran overtook Russia to become the top buyer of Indian tea last year, importing 53.5 million kilograms, a 74% increase from 2018. US sanctions against Iran had halted imports other than specially negotiated deals. "This boost really has come because of the rupee-rial trade arrangement that we have had with Iran," said McLeod Russel, one of India's largest tea exporters.
read more at Bloomberg Quint