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Sri Lanka is open to buying fuel from Russia

The food crisis in the island nation may continue till 2024, said PM


 


Sri Lanka is forced to buy fuel from Russia, amid an unprecedented Economic crisis, said, Ranil Wickremesinghe, the newly elected Sri Lankan Prime Minister.


Mr. Wickremesinghe who is also the Financial Minister of Sri Lanka, said to the Associated Press, “the island country will first look onto other sources but, they are open to buying crude oil from Moscow.


The Prime Minister has a hurdle task to solve just after taking charge after the violent protest that happened last month. The destitute situation has made the country with no money to import food, medicines, fuel, and other necessities.


The shortages in the commodities have forced the people to wait in queues elongating Kilometres for days. Two weeks ago, the country has brought 90,000 tonnes of crude oil from Russia as per various reports stating the government.


The PM also said Russia has offered wheat to Sri Lanka. But the ongoing war between Russia – Ukraine is making it difficult. This means the shortage of food supplies may continue till 2024.


Albeit, Many countries have now stopped imports from Russia.  China has also offered financial assistance to the island nation, making them the third biggest creditor of Sri Lanka.


Wickremesinghe also said the country needs to identify new policies for the economic recovery and they are now talking with China about reorganizing the debts.


 


 


 


 


 


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Tags: #Sri Lanka economy #China's financial assistance # Russian crude oil



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