Credit line

Sri Lanka secures long-term credit line from Russia for fuel

Sri Lanka secures long-term credit line from Russia for fuel

Wednesday, October 19, 2022, 9:09 p.m. SL time, ColomboPage News Desk, Sri Lanka.

19 October, Colombo: The Sri Lankan Embassy in Moscow announced that a fruitful discussion had taken place with the Government of the Russian Federation on the possibility of obtaining a long-term line of credit in order to supply fuel to the Sri Lanka.

Sri Lanka’s Ambassador to the Russian Federation, Prof. Janitha A. Liyanage, attended this discussion on Monday as the representative of Sri Lanka and stressed the importance of such a credit line in Sri Lanka for get fuel, especially in this difficult time.

The mechanism of the said credit line and the modality of fuel supply to the Russian Federation have been extensively discussed with the Ministry of Finance of the Russian Federation.

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

This Embassy is of the opinion that this line of credit facility will play an important role in providing Sri Lanka with adequate fuel supplies at a competitive price in the coming months.