Sri Lanka secures a long-term credit line from Russia to procure fuel

Friday, 21 October 2022 00:00 - - {{hitsCtrl.values.hits}}

The Embassy of Sri Lanka in Moscow has announced that a productive discussion was held with the Government of Russian Federation on the possibility of obtaining a long-term credit line in order to procure fuel to Sri Lanka.

Ambassador of Sri Lanka to the Russian Federation Prof. Janitha A. Liyanage attended this discussion on Monday representing Sri Lanka and emphasised the significance of such a credit line to Sri Lanka to procure fuel, especially at this trying time.

The mechanism of the said credit line and the modality to procure fuel from the Russian Federation were discussed at length with the Ministry of Finance of the Russian Federation.

From the Russian Government, Russian Federation Finance Deputy Minister Maksimov Timur, Ambassador of the Russian Federation to Sri Lanka Levan Jagaryan and a few officials representing the Ministry of Finance and the Ministry of Foreign Affairs were also present at the discussion.

This Embassy 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.