Sri Lanka open to buying oil from Russia – PM

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Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, Prime Minister Ranil Wickremesinghe said.

The Prime Minister said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely have cut off energy imports from Russia in line with sanctions over its war on Ukraine.

In a wide-ranging interview with The Associated Press on Saturday, Wickremesinghe also indicated he would be willing to accept more financial help from China, despite his country’s mounting debt.

And while he acknowledged that Sri Lanka’s current predicament is of “its own making,” he said the war in Ukraine is making it even worse — and that dire food shortages could continue until 2024. He said Russia had also offered wheat to Sri Lanka.

Source: AP News