Russian State-Owned Companies Cleared to Bid for Sri Lanka Fuel Tenders (opens original article in a new tab)

Russian state-owned companies are allowed to bid for Sri Lanka's fuel tenders as part of efforts to improve competitiveness in fuel purchasing.

• Ceylon Petroleum Corporation registered two Russian state-owned companies to bid for fuel tenders.
• Rosneft is allowed to participate in fuel supply bidding if U.S. sanctions on Russia remain lifted.
• Sri Lanka recently approved purchase of American oil, but shipment times are long and costly.