News
Sri Lanka cannot procure Russian oil before US sanctions return – Champika
… talks with Moscow cover fresh coal supplies
Eksath Janaraja Peramuna leader Patali Champika Ranawaka yesterday (01) said that Sri Lanka would not be able to secure oil from Russia before the reimposition of US sanctions on Russian oil. The former Minister said so at a joint Opposition media briefing in Colombo. He said it wouldn’t be possible to import Russian crude before the 12 April deadline.
Deputy Russian Energy Minister Roman Marshavin was here last week to discuss how the Russian Federation could help Sri Lanka meet its energy needs.
Sources familiar with the challenges faced by Sri Lanka, due to the disruption of crude/gas/refined products supply lines, said that the country’s only refinery needed crude to ensure the operation of the facility.
According to the Energy Ministry, during discussions with the delegation, led by Deputy Minister Marshavin, Sri Lanka was offered refined petrol, diesel and aviation fuel, in addition to crude oil. The discussions also covered the procurement of coal from Russia, according to the Ministry.
In 2025, the NPP government reached an agreement with an Indian supplier to bring in coal from South Africa. However, low-quality South African coal has caused a severe crisis due to the country’s only coal-fired power plant at Norochcholai failing to generate at the required levels, parliamentary sources said, referring to a report submitted by the CEB to the Parliament.
Meanwhile, informed sources said that there had been some discussions between Sri Lanka and India regarding the proposed move by the NPP government to procure oil directly from India.
Ranawaka said that of the six promised crude ships, four wouldn’t be coming, regardless of assurances given by the government. He alleged the government was trying to deceive the public that power cuts were inevitable due to continuing drought but the truth is the low-quality coal that caused the crisis. The recently announced electricity tariff hike, too, was due to the coal fraud, he alleged. (SF)
News
Draft of the Appropriation Bill for the Financial Year 2027 su mitted to the Parliament
Approval of the Cabinet of Ministers was granted to the preparation of the Appropriation Bill for the financial year of 2027 at their meeting held on 30.06.2026.
Accordingly, clearance of the Attorney General has been given to the Appropriation Bill prepared by the Legal Draftsman.
Therefore, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and thereby submit the same to the Parliament for its concurrence.
Latest News
Cabinet approves aditional Rs. 2,500 million to the Paddy Marketing Board to purchase 2026 Yala harvest
The Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to provide an additional Rs. 2,500 million to the Paddy Marketing Board on a reimbursable basis from the Rs. 7,500 million additional allocations granted to the Ministry to implement
the expedited paddy purchasing program for the 2026 Yala harvest.
Latest News
Cabinet nod to host the 8th Asian Regional Conference of the Commonwealth Parliamentary Association and the 3rd Joint Asian and South-East Asian Regional Conference of the Commonwealth Parliamentary Association
The 8th Asian Regional Conference of the Commonwealth Parliamentary Association (CPA) and the 3rd Joint Asian and South-East Asian Regional Conference of the CPA are planned to be held over three days in Colombo during April/May 2027.
Approximately 90 delegates including speakers, Deputy Speakers, Member of Parliamentarians, and Parliamentary officers representing member countries of the Commonwealth Parliamentary Association, in the Asian and South-East Asian regions, are expected to participate in these conferences.
The Cabinet of Ministers has approved the resolution furnished by the Prime Minister of the Parliament of Sri Lanka to host the said conferences considering the opportunities to strengthen parliamentary diplomacy and regional cooperation, as well as to enhance international recognition of the Parliament of Sri Lanka within the Commonwealth Parliamentary Association.
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