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 LyrArc Article Gist India's Foreign Minister S. Jaishankar visits the local subsidiary of Indian Oil Corporati


on in Colombo to get some idea of the fuel supply situation in Sri Lanka. Facing a shortage of foreign exchange reserves and payment due for its debt in 2022 Sri Lanka has cut imports, including oil imports. India has offered a $1 billion line of credit and other assistance to Sri Lanka. Sri Lanka is also getting financial help from the IMF. 


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