Economy has collapsed, unable to buy oil: Sri Lanka PM Ranil Wickremesinghe June 22, 2022 at 04:42PM

PM Ranil Wickremesinghe told the parliament that the country is "facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed." While Sri Lanka's crisis is considered its worst in recent memory, Wickremesinghe's assertion that the economy has collapsed did not cite any specific new developments. It appeared intended to emphasise to his critics that he has inherited a difficult task.