Russia lends $300 mn to Sri Lanka for arms

TucsonPost.com

Thursday 11th March 2010

Volume 2010/070

	More Breaking Technology News
	Bomb found in car hired by Bihar Minister
	Pentagon says Internet helps in terrorist recruiting, radicalization
	Internet 'in the run' for Nobel Peace Prize
	Technology that allows bosses to spy on employees
	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
	Leaked UN report says food not going to the hungry
	Some US schools closed down after threat received
	US restaurant owner charged with serving whale meat
	Ahmadinejad and Gates accuse each other of interference


Get Breaking Technology News headlines emailed to you daily.

Russia lends $300 mn to Sri Lanka for arms
Tucson Post
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