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Leading News from Sri Lanka ::
Feb 09, Colombo: During Sri Lanka President Mahinda Rajapaksa's visit to Russia, the two countries have agreed to step up the bilateral ties on the economic front and increase the volume of investment flow between the two countries.
A press statement issued by Foreign Minister Rohitha Bogollagama said the two leaders discussed, among other issues, cooperation in the field of energy (including petroleum exploration and petroleum resources development, and technology transfer in the area of renewable energy), and in the areas of aviation and tourism.
Two agreements were finalized during the visit, it said. The first, a MOU for the promotion of mass communications, is aimed at augmenting people-to-people contact and cultural relations between the two countries.
The other relates to a line of credit for 300 million US Dollars which will be used among others for the purchase of multi-purpose equipment including for defence, Foreign Minster's statement said.
During the visit President Rajapaksa met with his Russian counterpart Dmitry Medvedev and expressed his gratitude to the strong support extended to Sri Lanka by Russia and some other friendly nations during the Government's operation to defeat terrorism last year.
The President observed that Russia's considerable global influence was very helpful in ensuring that the attempts by the terrorist forces to leverage world sentiment in their favour and escape did not materialize.
During the discussion both leaders have agreed that peace and development in the 21st century world can best be attained through a mixture of multilateral and regional cooperation, based on the principles of friendship and respect for sovereignty and non-interference in internal affairs, the statement said.
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