SL – Russia continue talks on credit facility for Russian oil

Date:

The Sri Lankan authorities continue negotiations with Russia on the provision of a credit facility to purchase Russian fuel, disclosed Minister of Transport and Highways Bandula Gunawardena.

Speaking to Russian news agency Sputnik, Minister Gunawardena added that the affair can be managed in the event that Sri Lanka is slowly recovering from the economic crisis befallen it, and that the Government of Sri Lanka is expecting some ‘big support’ from Russia. The discussions are going very well, the Transport and Highways Minister added.

He further told Russian media that ex President Rajapaksa appealed to the Russian President to provide Sri Lanka a credit facility to purchase fuel from the ex Soviet country and ease the fuel crisis in Sri Lanka.

The political protests that existed in the last few months have now been finished, Gunawardena went on responding to a query on the island nation being safe as a tourist destination, adding that as Parliament voted in favour of Wickremesinghe as the President, political stability has been established in the country.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Tourism’s Race against Time to Hit 2025 Goals

Sri Lanka’s tourism industry is celebrating a symbolic milestone,...

Browns Investments PLC Expands Maldives Footprint with $57.5m Deal

Browns Investments PLC, the leisure and investment arm inside...

JVP/NPP Backs Refinery Deal it once blocked: Ranwala Saga Haunts Credibility

Sri Lanka’s Sapugaskanda oil refinery, a project long strangled...

Sri Lanka’s Foreign Investment Target: Ambitions Outpace Reality

As Sri Lanka navigates its post-crisis recovery, foreign direct...