India to take ‘all necessary measures’ against Chinese ships heading to Sri Lanka: official

India has put Chinese ships en route to Sri Lanka’s Hambantota international port on high alert, but Sri Lanka insists the ships dock only to refuel.

Sri Lanka granted passage to Chinese ships weeks before newly appointed President Ranil Wickremesinghe took office. Sunday Times of Sri Lanka.

The crisis-stricken country has launched diplomatic talks with both India and China to reach a “friendly solution” regarding the ship’s arrival to avoid potential conflict.

Indian Foreign Ministry spokesman Arindam Bagchi commented on the proposed docking of the Chinese vessel, which is expected to be in port from 11 August to 17 August.

“I can only say that the government is closely monitoring all developments related to India’s security and economic interests and is taking all necessary measures to protect them.” told reporters.

China Yuan Wang No. 5 ship “research ship“will conduct “satellite control and tracking surveys of Chinese satellites in the northwestern part of the Indian Ocean region in August and September.”

The Sri Lankan government leased the entire Hambantota port to China for 99 years in 2017 after failing to repay a $1.4 billion loan to Beijing.

Debt restructuring talks with China

This prompted the International Monetary Fund (IMF) to urge cash-strapped Sri Lanka to begin debt restructuring negotiations with its bilateral lender, China, and seek a loan package from the IMF to offset the country’s economic crisis. was done after asking for

Krishna Srinivasan, Director of the IMF’s Asia-Pacific Department, said Sri Lanka “must engage with both private and public creditors on debt consolidation to ensure the sustainability of its debt is restored.” Stated.

“China is a big creditor and Sri Lanka must be actively involved in debt restructuring,” Krishna said in an interview with Reuters.

Sri Lanka defaulted on its debt in May. The country has $51 billion in outstanding foreign debt, of which her $6.5 billion owes China.

The country owes India $3.8 billion and Japan at least $3.5 billion, according to the IMF.

Wickremesinghe declared bankruptcy in Sri Lanka on July 5, saying the government has until August to submit a debt restructuring and sustainability plan to the IMF.

Reuters contributed to this report.

Aldogra Fredry


Aldgra Fredly is a Malaysia-based freelance writer covering Asia Pacific news for The Epoch Times.

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