Sri Lanka bows to Chinese pressure over fertiliser

Colombo (AFP) Jan 8, 2022

Sri Lanka paid a Chinese company $6.8 million despite rejecting its shipment of organic fertiliser as substandard, officials said Saturday, even though Colombo is in the throes of a foreign exchange crisis.

The state-run People’s Bank of Sri Lanka said it paid Qingdao Seawin Biotech Group $6.87 million in connection with an out-of-court settlement over the shipment.

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