Sri Lanka’s economic crisis is snowballing even further. The island nation’s PM Ranil Wickremesinghe said Sri Lanka might be falling to “rock bottom” now that its major petroleum corporation is in extreme debt. He said that because of the debt, no other countries are willing to provide Sri Lanka with fuel. “Currently, the Ceylon Petroleum Corporation is $700 million in debt…As a result, no country or organization in the world is willing to provide fuel to us.” Although Sri Lanka has been trying to keep its head above water with US$4 billion in credit lines from India, PM Ranil says […]
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