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Russia to give arms loan to Lanka

6 February 2010 03:19 am - 24     - {{hitsCtrl.values.hits}}

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Moscow: Russia will give Sri Lanka a $300 million loan to buy arms and dual use equipment from it, an agreement regarding which will be inked during the upcoming visit of President Mahinda Rajapaksa, a top official said according to PTI.

Rajapaksa is arriving in Moscow today, according to the Kremlin. "Such an agreement is being prepared for signing," deputy finance minister Dmitry Pankin said. President Dmitry Medvedev is scheduled to hold talks with his Sri Lankan counterpart on Monday.

Rajapaksa will be on a three-day visit to attend the Golden Jubilee celebrations of his alma mater - Peoples Friendship University of Russia (PFU), till 1991 known as Patrice Lumumba Friendship University.

Russia will give Sri Lanka a $300 million loan to buy Russia arms and dual use equipment for its armed forces, Ria Novosti reported.

Moscow had backed Colombo in its combat against LTTE in spite of massive international criticism and during his Sri Lanka visit in October last Russian foreign minister Sergei Lavrov had offered military assistance to the island nation.

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  Comments - 24

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  • Saturday, 06 February 2010 06:34 AM

    We do not need $300 Million (Rs 33 Billion = Rs 33, 000 Million) to buy more weapons and ammunition- certainly not when it will add to our national debt, and especially when up to 30% of it will immediately line the pockets of VVIPs!!! Even $30 million in development assistance will bring us a million times more benefit!

    Saturday, 06 February 2010 06:46 AM

    WHY ARMS AT PRESENT, WHY NOT GO FOR A SUPER SPECIALITY HOSPITAL WITH THE US$300mn & GIVE FREE TREATMENT SUCH AS OPERATIONS TO THE POOR!

    Saturday, 06 February 2010 07:17 AM

    We need loans for constructions now...

    Saturday, 06 February 2010 05:26 PM

    I concurr with Mark. Why we need more arms? Are we preparing to wage a war with Inida? I think our leadership is into mass scandle of our tax money

    Saturday, 06 February 2010 07:51 AM

    Why do we need these arms now? I thought our defence spending will be reduced. Maybe we are scared of the Russian Style Coup, that all are dreaming off!!

    Saturday, 06 February 2010 07:56 AM

    Arms for what

    Saturday, 06 February 2010 06:22 PM

    Why do we need arms when the war was won 9 months ago.Hope these will not be used to against the people who oppose the regime.

    Saturday, 06 February 2010 08:01 AM

    To go to war with whom ?

    Monday, 08 February 2010 10:18 AM

    WEAPONS FROM TAX PAYERS MONEY FOR WHAT?

    Saturday, 06 February 2010 07:11 PM

    President should also try to negotiate selling our apparels to show "KOKA" to EU on this GSP issue.

    Saturday, 06 February 2010 08:31 AM

    Is this for the war against the arms groups in the North and East which have emerged recently?

    Saturday, 06 February 2010 08:41 AM

    arms? for what, .....unless Rajapaksa family wants more money to be earned.

    Sunday, 07 February 2010 01:14 AM

    here starts the corruption

    Monday, 08 February 2010 01:16 PM

    Lets not be naive. The sad truth of modernity is that a strong army is required to maintain democracy. American is a great example of this. No guns means no butter in this day and age.

    Sunday, 07 February 2010 03:22 AM

    We do not want Arms of destruction. We need money to develop this nation in the field of agriculture

    Sunday, 07 February 2010 03:38 AM

    Good news, we should get them from all over world and make our country a super power

    Saturday, 06 February 2010 10:29 AM

    To Sri Lanka with love....

    Saturday, 06 February 2010 10:33 AM

    War against west?

    Saturday, 06 February 2010 11:26 AM

    We must keep the forces well supplied and ready at all times stationed in the North and East . Few helicopters would be nice..

    Monday, 08 February 2010 03:13 AM

    More wars = more money for the super rich = more wars ... poor fools like us will always be poor and it's no ones fault but our own.

    Saturday, 06 February 2010 12:37 PM

    We don’t need arms now, we need good governance.

    Sunday, 07 February 2010 08:50 AM

    OMG does a degree cost so much ..................................

    Monday, 08 February 2010 10:26 PM

    Well done Russia! We Sri Lankans appreciate your help given during the bloody war, which ruined the country during the past three decades. We expect more and more help from you, in the coming years, to develop our tiny beautiful island. Thanks! God bless RUSSIA!

    Monday, 08 February 2010 05:45 AM

    Why do we need more arms - I thought the war is over. What about the cache of Prabha's arm seized by the govt.? Are arms needed to kill SF?


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