Bloomberg - Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals. India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the U.S. While this bilateral trade has boosted imports of the ...

Financial Tribune - The Indian tea industry has sought a special exchange rate from Iran for tea exports to the country after November 4 when US sanctions will restrict sales of oil and petrochemical products to the country. A high-level delegation of government officials and tea trade executives from Iran is expected to visit India in the third ...

The tea sector has found a way to again increase exports to Iran, which had fallen sharply after the US embargo on dealings with that country. The renewed effort appears likely to raise exports multifold; in return, crude oil of an equal worth can be imported from there. Government agencies would ensure tea exporters get rupee payment. The Indian ...