Sri Lanka & Russia in talks for a long-term Credit Line

(FASTNEWS | COLOMBO) – Sri Lanka and Russia have held talks on the possibility of obtaining a long term credit line in order to procure fuel for Sri Lanka.

Issuing a statement, the Sri Lanka Embassy in Moscow said Sri Lankan Ambassador to Russia Prof. Janitha Liyanage attended the discussion 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 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.

Russia’s Deputy Minister of Finance Maksimov Timur, the Ambassador of the Russian Federation to Sri Lanka Levan Jagaryan, and several officials representing the Ministry of Finance and the Ministry of Foreign Affairs were present at the discussion.

The Embassy noted that the credit line will play an important role to make adequate fuel supplies available to Sri Lanka at a competitive price in the months to come.