Russia lends $300 mn to Sri Lanka for arms

RussiaHerald.com

Friday 12th March 2010

Volume 2010/71

	More Russia News
	India, Russia signs long pending deals
	Putin meets Sonia Gandhi
	Putin shares India's concerns on AFPAK, but hails Pakistan's counter-terror efforts
	Putin meets President Patil
	India, Russia to sign deals worth 10 billion dollars
	Philippines police raid kidnappers den and released kidnapped Indian man
	New Chile president takes office as earth continues to shake
	Gates says Gulf countries are worried about Iran
	CIA allegedly engaged in LSD experiment in France
	Talks with Taliban bolstered by Pakistan support
	Christian and Muslim sites being ignored by Israel, says U.S. State Department
	Proposal to outlaw salt in New York eateries


Get Russia News headlines emailed to you daily.

Russia lends $300 mn to Sri Lanka for arms
Russia Herald
Tuesday 9th February, 2010
(IANS)

Moscow, Feb 9 (RIA Novosti) Russia will provide a loan of $300 million to Sri Lanka to help the island nation procure military equipment and technology to strengthen its armed forces.

Russia has agreed to give $300 million loan in ten years to buy armaments and dual-purpose technology for Sri Lanka's military, Russia's deputy finance minister Dmitry Pankin said Monday.

According to some sources, the arms deal will also cover extensive repairs of Russian military equipment previously delivered to Sri Lanka.

The deal comes when Sri Lankan President Mahinda Rajapaksa is on a working visit to Russia - the first in the history of bilateral relations.

Email this story to a friend

Comments on this story

By FS, 02-09-10, 04:47 AM