Sri Lanka & Russia discuss long-term Credit Line to procure fuel

October 19, 2022 at 11:57 AM

Sri Lanka has held a discussion with the Government of Russia on the possibility of obtaining a long-term credit line in order to procure fuel for Sri Lanka.

The Embassy of Sri Lanka in Moscow said a productive discussion was held on the matter with the Russian Government on Monday, 17th October. 

Representing Sri Lanka in the discussion, the Ambassador of Sri Lanka to the Russian Federation, Prof. Janitha A. Liyanage emphasized the significance of such a credit line to Sri Lanka to procure fuel, especially at this trying time. 

The Sri Lankan Embassy in Moscow said the mechanism of the said credit line and the modality to procure fuel from the Russian Federation were discussed at length with Russia’s Ministry of Finance.

The Deputy Minister of Finance of the Russian Federation Maksimov Timur, the Ambassador of the Russian Federation to Sri Lanka Levan Jagaryan, and a few officials from the Ministries of Finance and Foreign Affairs represented the Russian Government at the discussion. 

The Sri Lankan Embassy said it is of the view that this credit line facility will play an important role to make adequate fuel supplies available to Sri Lanka at a competitive price in the months to come. (NewsWire)