Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka blames US sanctions on Iran for country's energy woes
Thu, Dec 13, 2012, 11:57 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 13, Colombo: Sri Lanka's Power and Energy Minister Patali Champika Ranawaka today blamed the United States sanctions imposed on Iran for the energy crisis the country us facing.

Addressing a media briefing Wednesday the Minister said the sanctions imposed on Iran by the U.S. is preventing Sri Lanka from accepting Iranian funds for much needed development projects in the country and depriving the poor Sri Lankans of their rights to access electricity.

"U.S. sanctions against Iran are infringing on the basic rights of our people," the Minister has said at a discussion with Iranian and Russian ambassadors to Sri Lanka.

According to Ranawaka, nearly 1,000 rural electrification schemes which were funded by Iran had to be suspended.

Defending Iran's nuclear program the Minister has said that Iran has a right to proceed with its nuclear program with peaceful intentions to meet its domestic needs.

"Using nuclear power is not a new thing in the world. This is something that 45 other countries are also doing and is a right of Iran," the Minister has retorted.

"Although America has posed embargo on Iran, the people of Iran are still not divided. That is a good example for Sri Lankans," the Minister has pointed out.

The U.S. last week exempted nine countries including Sri Lanka from the sanctions on Iran for another six months but reportedly banks are reluctant to issue Letter of Credits for transactions with Teheran.

Earlier this year, the US and the European Union imposed sanctions on Iran's oil and financial sectors to force Iran to halt its nuclear program. The sanctions prevent other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

Sri Lanka has faced a severe crisis in importing oil from other countries since the sole refinery in the country can process only Iranian crude.



ColomboPage - Recent 10 Stories
Two Bangladesh Coast Guard ships arrive at Sri Lanka's port of Colombo
-- [13 minutes ago]
India releases another three Sri Lankan fishing trawlers from custody
-- [23 minutes ago]
SriLankan Airlines becomes part of Beefy's final charity walk
-- [37 minutes ago]
PM calls for the upgrade of quality of higher education in universities
Sri Lanka's third quarter GDP expands at 3.3 percent in 2017
Three Sri Lankan fishing trawlers released from Indian custody
Malaysian PM to begin visit to Sri Lanka tomorrow
European Union welcomes Sri Lanka acceding to Anti-Personnel Mine Ban Treaty
ADB grants Sri Lanka US$ 270 Mn to implement two development projects
Prime Minister visits Thomas De La Rue Lanka currency printing facility at the Biyagama EPZ

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.