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Exporters affected by sanctions on Syria However tea brokers and bankers said the delays have had no appreciable impact on the Colombo tea auctions as exporters have found other ways of getting their payments. "Sanctions imposed by the US have caused delays in payments," a Bank of Ceylon official said. The Syrians have found other ways of routing funds such as doing business in euro or through European or other banks. In addition, exporters have held talks with their banks and said they had asked Syrian banks to channel export proceeds through European banks not affected by US sanctions. The US imposed economic sanctions on Syria after long accusing the Arab state of supporting terror and failing to stop militants entering Iraq. |
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