Sri Lanka seeks fertilizers from India, deferral of $2.5 billion payment

Sri Lanka has sought fertilizers from India & deferral of a $2.5BN payment to the Asian Clearing Union. $200MN from the $1-billion line of credit provided by India in March been set aside to fund fuel purchases. Sources say this will be in addition to the $500mn line of credit provided by India in February for fuel purchases. The Sri Lankan side has also asked the Indian side to defer payment of $2.5BN to the Asian Clearing Union (ACU)