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

Fresh Border Clashes Erupt Between Pakistan and Taliban Forces Despite Recent Ceasefire

Tensions along the Pakistan and Afghanistan frontier escalated once...

Sri Lanka’s First Post-Crisis Dollar Bond Signals Renewed Investor Faith

Sri Lanka’s return to foreign-currency borrowing took a significant...

HSBC Exit Marks Shift toward Local Dominance in Banking

HSBC’s decision to exit Sri Lanka’s retail banking business—now...

Sri Lanka Set for Strong Market Upswing as Stability, Lift Investor Confidence

Sri Lanka’s capital market is entering its most promising...