Current:Home > MarketsSri Lanka to join US-led naval operations against Houthi rebels in Red Sea -FutureFinance
Sri Lanka to join US-led naval operations against Houthi rebels in Red Sea
PredictIQ View
Date:2025-04-09 10:55:16
COLOMBO, Sri Lanka (AP) — Debt-ridden Sri Lanka ’s navy is preparing to join a U.S.-led operation to protect merchant vessels sailing in the Red Sea against attacks by Houthi rebels, a Sri Lankan navy spokesman said on Tuesday.
The attacks by Houthi rebels have targeted commercial shipping vessels transiting through the critical Bab el-Mandeb Strait that links markets in Asia and Europe following the Oct. 7 attack by Hamas and Israel’s subsequent war against the militant group in Gaza.
The U.S. and its allies launched Operation Prosperity Guardian to protect ship traffic, and warships from the U.S., France, and the U.K. are patrolling the area.
No date has been set for sending the Sri Lankan ships and the area they will patrol has not been finalized, said navy spokesman Capt. Gayan Wickramasuriya.
The decision to send the ships drew criticism from opposition lawmakers in the island nation. Opposition leader Sajith Premadasa blamed the government for spending LKR 250 million ($777,000) to send ships to fight Houthi rebels in the Red Sea when Sri Lankans are experiencing severe economic hardships at home.
State Minister of Defense Pramitha Tennakoon defended the move, saying the government wants to fulfill its “global responsibilities” and noting that “Sri Lanka is against any form of terrorism.”
He added that Sri Lanka would incur no additional costs by joining the operations, as the country’s ships are already patrolling its vast maritime area in the Indian Ocean.
Sri Lanka is struggling to get through the worst economic crisis in its history. The country declared bankruptcy in April 2022 with more than $83 billion in debt — more than half of it to foreign creditors. Its economy was plunged into crisis, with severe shortages of food, fuel and other necessities.
Strident public protests led to the ouster of former President Gotabaya Rajapaksa. The IMF agreed in March last year to a $2.9-billion bailout package.
Sri Lanka hopes to restructure $17 billion of its tens of billions of outstanding debt.
Over the past year, severe shortages of essentials like food, fuel and medicine have largely abated, and authorities have restored power supplies. But public dissatisfaction has grown over the government’s efforts to increase revenues by raising electricity bills and imposing heavy new income taxes on professionals and businesses.
Last week, the government increased the rate of the valued added tax and extended it to cover many essential items, including cooking gas, fuel, medicine and others.
veryGood! (687)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- When is forgetting normal — and when is it worrisome? A neuroscientist weighs in
- Air Force member Aaron Bushnell dies after setting himself on fire near Israeli Embassy
- Sophia Grace Will Have Your Heartbeat Runnin' Away With Son River's First Birthday Party
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Love Is Blind’s Bartise Bowden Reveals Real Reason He Hasn’t Shared New Girlfriend’s Identity
- Shannen Doherty Shares How Cancer Is Affecting Her Sex Life
- Google suspends AI image feature from making pictures of people after inaccurate photos
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Meet Grace Beyer, the small-school scoring phenom Iowa star Caitlin Clark might never catch
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Reddit's public Wall Street bet
- Grenada police say a US couple whose catamaran was hijacked were likely thrown overboard and died
- US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- David Sedaris on why you should dress like a corpse
- What The Bachelor's Joey Graziadei Wants Fans to Know Ahead of Emotional Season Finale
- Alec Baldwin to stand trial this summer on a charge stemming from deadly ‘Rust’ movie set shooting
Recommendation
Travis Hunter, the 2
Tennessee bill addressing fire alarms after Nashville school shooting heads to governor
A school bus driver dies in a crash near Rogersville; 2 students sustain minor injuries
New Research from Antarctica Affirms The Threat of the ‘Doomsday Glacier,’ But Funding to Keep Studying it Is Running Out
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Shannen Doherty Shares How Cancer Is Affecting Her Sex Life
Veteran NFL reporter and columnist Peter King announces his retirement
Idaho to execute Thomas Creech, infamous serial killer linked to at least 11 deaths