Sri Lanka Suspends Fuel Sales Amid Economic Collapse; Asks Russians For Help
A broke and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage – allowing the government to buy some time and send two government officials to Russia to negotiate a fuel deal.
"From midnight today, no fuel will be sold except for essential services like the health sector, because we want to conserve the little reserves we have," government spokesman Bandula Gunawardana said in a pre-recorded statement, obtained by AFP News.
The Sri Lankan government announced only essential services would operate and be allowed access to fuel until July 10 because of a fuel shortage
"Sri Lanka has never faced such a severe economic crisis in its history," Gunewardena added.
The move comes less than a week after Prime Minister Ranil Wickremesinghe said the debt-laden economy of the island nation has "completely collapsed:"
"We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity, and food. Our economy has faced a complete collapse.
"It is no easy task to revive a country with a completely collapsed economy, especially one that is dangerously low on foreign reserves," " Prime Minister Ranil Wickremesinghe told parliament on June 22.
https://www.zerohedge.com/geopolitical/sri-lanka-suspends-fuel-sales-amid-economic-collapse-asks-russians-help