Debt-Laden Sri Lanka Happy to Buy Cheap Russian Oil – FT

Crisis-hit Sri Lanka has scaled-up imports of Russian oil as it takes advantage of cut prices caused by western sanctions on Moscow, The Financial Times reported.

Sri Lanka sourced more than half its crude from Russia since May, according to the report, which it was the first time the country had bought oil from Russia since 2013.

Read the full report: The Financial Times

Read more:

Sri Lanka and IMF Reach Agreement on Emergency Loan

Sri Lanka Debt Talks to Test China-India Relationship – FT

Asian Development Bank Plans Further Support For Sri Lanka

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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