Sri Lanka is open to buying Russian oil

geemong · Anmeldungsdatum: 11.12.2021 Beiträge: 62

Sri Lanka is open to buying Russian oil

Sri Lanka may be compelled to buy more oil from Russia as the nation faces shortages amid an unprecedented economic crisis, its prime minister told the Associated Press.

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Prime Minister Ranil Wickremesinghe, in an interview with the news agency on Saturday (Jun 11), said he would first look to other sources but would be open to buying more crude from Moscow.

The country is in the midst of its worst financial crisis in seven decades and is severely strapped for dollars to pay for critical imports including food, fuel and medicine.

Long lines, sometimes kilometres long, are a common sight near petrol stations across the country, which has also been hit by rolling power cuts.

While Washington and its allies are trying to cut financial flows supporting Moscow's war effort, Russia is offering its crude at a steep discount, making it extremely enticing to a number of countries.

Wickremesinghe, who is also Sri Lanka's finance minister, also indicated he would be willing to accept more financial help from China, despite the island nation's mounting debts.

Sri Lanka's current predicament was of "it's own making", he said, and the war in Ukraine was making it even worse adding that dire food shortages could continue until 2024.