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
Four new envoys to Sri Lanka present credentials to President
-- [6 minutes ago]
South Korea to consider increasing job quota to Sri Lanka
-- [19 minutes ago]
Sri Lanka upgraded to Tier 2 in 2017 Trafficking in Persons report for increasing efforts to combat human trafficking
-- [35 minutes ago]
Sri Lanka Development Bonds issue for US$ 515 mn oversubscribed
-- [1 hour and 16 minutes ago]
Power authority losses over Rs. 300 million due to recent flood disaster
Sri Lanka Army commander promoted and appointed Chief of Defense Staff
Prosecutors delay deportation of Sri Lankan refugee accused of killing wife in Canada
Lasith Malinga issued six month suspended sentence and 50% fine
Sri Lanka Customs nab man attempting to smuggle jewellery worth millions
Sri Lanka exports expected to rise after regaining GSP+ status

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.