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India supported Sri Lanka to Purchase Petroleum Products

January 21, 2022
Current Context: The Government of India has offered financial assistance to Sri Lanka to purchase petroleum products.
India supported Sri Lanka to Purchase Petroleum Products
  • In this regard, India has offered a USD 500 million Line of Credit (LoC) to Sri Lanka.
  • Due to this, the island nation will be able to purchase petroleum products as the nation is struggling to avail fuel and facing an energy crisis.
  • The support was granted by Union External Affairs Minister, Dr. S Jaishankar.
  • The signed document was further received by Sri Lanka’s Foreign Minister, Prof. Gamini Lakshman Peiris.
  • Static Part: 
    • Capital of Sri Lanka: Sri Jayewardenapura Kotte and Colombo
    • Currency of Sri Lanka: Sri Lankan Rupee

Question: 

Q.1 Indian Government granted USD 5000 million LoC to which country to purchase petroleum products?
a. Nepal
b. Mauritius
c. Bangladesh 
d. Sri Lanka
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