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The Iranian and U.S. flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 11 (Reuters) - The United States waived sanctions to allow the transfer of $6 billion in Iranian funds from South Korea to Qatar, a step needed to carry out a previously announced U.S.-Iran prisoner swap, according to a U.S. document seen by Reuters on Monday. According to the State Department document seen by Reuters, Secretary of State Antony Blinken determined that waiving the sanctions was in the national security interests of the United States. The document said the transfer of funds would only provide "limited benefit to Iran" since the funds can only be used for humanitarian trade. The transfer of the $6 billion and the prisoner exchange could take place as early as next week, according to eight Iranian and other sources familiar with the negotiations.

Persons: Dado Ruvic, Antony Blinken, Adrienne Watson, Humeyra Pamuk, Jeff Mason, Arshad Mohammed, Jonathan Oatis, Sandra Maler, Deepa Babington, Gerry Doyle Organizations: Iranian, REUTERS, Rights, United, Reuters, State Department, United State, National Iranian Oil Company, Central Bank of, Thomson Locations: U.S, United States, South Korea, Qatar, Iran, Republic of Korea, Germany, Ireland, Switzerland, Central Bank of Iran

☆ Sri Lanka set to start tea-for-oil barter with Iran next month
▼ + stars: | 2023-06-23 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

COLOMBO, June 23 (Reuters) - Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves. "This is very timely for us because we get access to an important market and both Iran and Sri Lanka can trade without relying on dollars," Sri Lanka's Tea Board Chairman Niraj de Mel told Reuters. "The agreement was to send $5 million worth of tea each month for 48 months but we plan to start with about $2 million per month." Globally popular Ceylon Tea is Sri Lanka's highest foreign exchange-earning crop, brewing $1.25 billion for the cash-strapped country last year, according to government data. Iran has been one of Sri Lanka's main tea buyers but exports have fallen steadily from $128 million in 2018 to $70 million last year as U.S. sanctions on Iran hit trade.

Persons: Niraj de Mel, riyals, de Mel, Uditha, Krishna N, Das, Peter Graff Organizations: Sri, Reuters, Tea, United Arab Emirates, Ceylon Petroleum Corp, Tea Board, National Iranian Oil Company, International Monetary Fund, Thomson Locations: COLOMBO, Sri Lanka, Iran, Ceylon, Sri Lanka's, Lanka's, UAE, Lankan

☆ U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms
▼ + stars: | 2022-11-17 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +2 min

Washington has increasingly targeted Chinese companies over the export of Iran's petrochemicals as the prospects of reviving the nuclear pact have dimmed. "The United States will continue to implement sanctions against those actors facilitating these sales." Iran's mission to the United Nations in New York did not immediately respond to a Reuters request for comment. Those that engage in certain transactions with the companies also risk being hit with sanctions. Reporting by Daphne Psaledakis; Editing by Andrea Ricci and Jon BoyleOur Standards: The Thomson Reuters Trust Principles.

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