Sri Lanka, battling the worst economic crisis in its history, is turning to Russian oil because it is cheaper, Nikkei Asia reports.
Colombo will pay $72 million for 90,000 tonnes of Russian oil ordered via a Dubai-based company that has been docked at the capital’s port for weeks, Nikkei said.
Read the full report: Nikkei Asia.
READ MORE:
Sri Lanka Counts on China Loan Amid IMF Talks – FT
Sri Lanka Holds Rates Steady as $130m Funding Pays for Fuel
Sri Lanka Braces for Ratings Default Over Missed Payments