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,Amid a massive financial crisis, Sri Lanka is seeking discounted oil from Russia and Qatar to address its critical shortfall in meeting the nation’s energy needs, with petrol sales currently banned for two weeks except for emergencies. – EPA pic, June 29, 2022.

SRI Lanka’s economy shrank 1.6% in the first quarter of this year as an unprecedented financial crisis began to impact commercial activity, according to official data.

The island nation’s painful downturn has seen months of lengthy blackouts, runaway inflation and severe shortages of vital consumer goods.

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