Browsing: Srilanka crisis

Sri Lanka’s military opened fire to quell unrest at a gasoline station, officials claimed Sunday, as enormous lines for petrol…

Sri Lanka is facing one of the worst economic crises since its independence. People queued up in long lines as…

The Sri Lankan government has proposed introducing a specific fuel rationing scheme in the coming month. Under this scheme, the…

An official claimed on June 7 that Sri Lanka has requested for $55 million loan through India to purchase urea in the middle of its worst economic crisis, which is facing a serious food shortage. Due to the continued economic turmoil, PMRanil Wickremesinghe recently warned of a food catastrophe in the island nation. “The Prime Minister’s proposal to negotiate an agreement with The government to acquire urea for agriculture has been accepted by the Cabinet,” an official said. Loan to resolve agricultural shortages The Indian government agreed to offer a $55 million loan through Export-Import Bank of India, according to the government. The loan will be used to purchase urea for the ‘Maha’ harvest season in 2022/23. Mr. Wickremesinghe has stated that the current agricultural shortages could be resolved in five to six months if immediate effort is made to address the farmers’ shortages. Due to President Gotabaya Rajapaksa’s decision last year to prohibit chemical fertiliser imports, the government is experiencing a near 50% crop loss. The decision sparked massive farmer protests, which the administration dismissed, claiming that it was the government’s intention to transition to green agriculture using organic fertiliser. Sri Lanka is experiencing its biggest economic crisis since gaining independence from the United Kingdom in 1945. The consequences faced due to economic crisis Food, medicines, cooking gas as well as other fuel, toilet paper, and even matches are in short supply as a result of the economic crisis, with Sri Lankans forced to queue for hours outside businesses to buy gasoline and cooking gas for months. The move sparked massive farmer protests, which the administration dismissed, claiming that it was the government’s intention to shift to green agriculture using organic fertilisers. Sri Lanka is experiencing its biggest economic crisis since gaining independence from the United Kingdom in 1945.…

Sri Lanka’s Justice Minister said on 5 June 2022 that the major 21st constitution amendment to the constitution in Srilanka…

President Gotabaya Rajapaksa’s administration announced on June 2 that India has pledged Sri Lanka of fertilizer supplies to assist the debt-ridden country avoid food shortages due to crop losses & exacerbated by the world’s worst economic crisis. President Gotabaya Rajapaksa claimed PMNarendra Modi has promised him of fertilizer supplies for the upcoming farming season when discussing with a group of irrigation authorities about the next harvesting season’s requirements. Sri Lanka…

Sri Lanka received Russian oil on Saturday to restore operation at the country’s lone refinery, which might eventually be subjected to a European embargo, according to the energy minister. The island nation is experiencing its worst economic downturn since independence, with fuel and other essential goods shortages making life difficult for its 22 million residents. Supply from Russian Petroleum The state-owned Ceylon Petroleum Corporation (CPC) refineries was closed in March as a result of Sri…

Recently a meeting was held in Tokyo between Prime Minister of India Narendra Modi and Prime Minister of Japan Fumio…

Srilanka has recieved 40,000 metric tonnes diesel from India again on this saturday as part of ta credit line facility for the island nation, which is experiencing its worst economic crisis in decades. India provided an…

Sri Lanka is once again in a state of emergency. Although an emergency has previously been declared, the government has…