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Tuesday, April 29, 2025
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Sri Lanka negotiates oil supply with Russia

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In an effort to source oil supplies, Sri Lanka has sent two government ministers to Russia to discuss oil imports. Washington and its allies aim to cut off energy imports from Russia in line with sanctions over its war on Ukraine. Since the invasion in late February, global oil prices have skyrocketed, sparking a number of countries to seek out Russian crude, which is being offered at a steep discount.

Power and Energy Minister Kanchana Wijesekera said two ministers are travelling to Russia to continue talks that Sri Lanka has been having with Russian authorities to directly purchase fuel, among other related issues. He urged people not to line up for fuel, saying only limited stock will be distributed to limited stations throughout next week. He said until the next shipments arrive, “public transport, power generators and industries will be given a priority.”

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