According to Sri Lankan Energy Minister Kanchana Wijesekera, the country only has one day’s worth of fuel left. Public transport comes to a standstill amid the deepening economic crisis in the country. And there is a lack of foreign exchange to end the crisis. According to Energy Minister Kanchana Wijeseker, Sri Lanka only has one […]
30 June 2022 14:07 Sri Lanka is currently experiencing the worst economic crisis in decades. The heavily indebted island state lacks the money to import fuel. According to a media report, President Gotabaya Rajapaksa is asking his Russian counterpart Vladimir Putin for help. Source: www.globallookpress.com © Sri Lankan President’s Media Division / Xinhua Sri Lankan […]
The authorities in Sri Lanka have grounded and confiscated a civil aircraft belonging to the Russian airline Aeroflot. The local newspaper News First reported on Friday. The Supreme Commercial Court in Colombo has reportedly issued an order to seize a civilian aircraft belonging to Russian airline Aeroflot following a lawsuit filed by Irish company Celestial […]
16 May 2022 20:43 There is no more oil in Sri Lanka: the country has no foreign exchange to pay for further oil imports, the new head of government explained. The supplies were only enough for one day. Sri Lanka is in the middle of the worst economic crisis in its history. Source: www.globallookpress.com © […]
13 Apr 2022 5:45 am Sri Lanka has declared a “preventive default” due to the crisis in imports of essential goods caused by a lack of foreign exchange. The Republic intends to use foreign exchange reserves to buy them instead of paying off debts. Sri Lanka is suspending payments on all foreign debt pending its […]
3 Apr 2022 7:46 p.m Sri Lanka’s President Gotabaya Rajapaksa has declared a national emergency amid rising protests over rising living costs, fuel shortages and power outages. A 36-hour curfew was also imposed. Now social media has also been blocked in the country. Source: AFP © Ishara S. Kodikara A severe energy and economic crisis […]
31 mar 2022 7:06 am Power outages and bottlenecks in medicines, fuel and fertilizer: Sri Lanka lacks everything. Due to a critical foreign exchange deficit, the island state is no longer able to pay for imports. It is the worst economic crisis since 1948. Sri Lankan residents faced 10-hour power outages on Wednesday, which would […]