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May have to buy oil from Russia – PM Ranil tells

by Lanka Sara Editor
June 12, 2022
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In the face of the current economic crisis Sri lanka may compelled to buy fuel from Russia The Prime Minister Ranil Wickramasinghe has stated s in an exclusive interview with the Associated Press News Agency.

Meanwhile, Prime Minister Wickremasinghe has stated that he hopes to get support from China to support the economic situation of the country in the future.

He said the economic crisis facing Sri Lanka was created by Sri Lanka itself and that the war in Ukraine had exacerbated the situation.

However The PM did not comment on the receipt of 90,000 metric tons of crude oil from Russia to reactivate the Sapugaskanda oil refinery.

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Meanwhile, the Prime Minister said that his government was in talks with China to restructure the debt.

“We need to identify the projects we need to get the economy back on track and get loans from China or others for those projects,” he said. We need to find out where we should put our resources, ”he said.
Mr. Wickremasinghe further pointed out that the economic crisis in the country is a result of the wrong economic policies adopted by the government in 2019, including the tax cuts.

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