Sri lanka asks for 500 million dollar loan from India | Fuel Crisis | Crude Oil
Amid a severe fuel crisis,Sri lanka has asked for a 500 million dollar loan from India to pay for its crude oil purchases. This comes a few days after the Sri Lankan energy minister Udaya Gammanpila warned that the current availability of fuel will last only till january next year.
Ne that Sri Lanka's state run agency, the Ceylon Petroleum Corporation,owes nearly 3.3 billion dollars to two Sri Lankan banks, i.e., the bank of Ceylon and the people's bank.
India shouldn’t consider this. When Indian was paying for Humbantota port, they rushed towards China. Those who do mistakes deliberately let them face
India must learn to be smart. Lots of seemingly backstabbing friendly countries.
India must use its resources for its own citizens first. No point in hel ungrateful neighbors.
Srilanka is cunning fox, India shoud handle with conscious move
Our diplomats shouldn't waste our money on Lanka
Sri must con trate on windmills as they have ample amount of seabeach to sufficiently produce ricity
No need to give loan to Srilanka...
Let them take it from Chyna...
A friend in need is a friend indeed..
That loan will be convert to donation after years..Lanka is already under de t trap...it had only one source of income that was Sri Lanka old cricket team
They should give back the small island called Katcha Theve gifted by Indra Gandhi.
The Sri Lankan govt has just increased their budget for the Army. How Come and why especially now and they want India to bail them out with a 500 million dollars loan. This is like Pakistan buying F-16's and then going to the IMF to bail them out.
Srilankans should not be afraid. They can just go to any bank and get loan by showing their country's number on the Global Hunger Index.
Hey india don't you dare to help anyone now in this situation we ourselves are facing problem we don't have time for other countries
Do not help the monster Rajapaksa.
Sure , how about a 99 year lease for India on one of the ports ?
But what they did to India oil , they know very well
At whatever price, atleast it is available in India still, unlike, UK, many other EU, african and asian countries......
To solve their energy problem Sri Lankans must harness the enormous amount of wind released by their portly po iticians.!!!
Sri Lanka must opt for a complete EV, solar, and hydrogen renewable energy transition
It's not smart to loan money for an overpriced petrol at the moment. The OPEC is in a huge money haul
I thought Sri Lanka takes loans only from China. LOL
Why they don't ask their dear friend China?
If India gives money, they will use it to repay their loan to China..
Too risky to loan to Sri Lanka. Also they have not supported India by building port
Nope, let them rot, get wons with that money, it will do better job.
Someone, just someone
Annex Tamil parts of Sri Lanka - that's the better option. No pressure from UN and no sanctions.
They will tell buy fuel from India for 280% tax
But we won't help Radical Nation
As china is using Sri Lanka why are they asking help from India . India needs to take diplomatic steps to get some control over Sri Lanka
SURYAPRAKASH A S
give us some more ports..?
Looking at Lanka's current condition I doubt they will be able to repay this loan. It's more like donating money to them.