Sri Lankan President Gotabaya Rajapakse finally declared the country bankrupt following weeks of economic turmoil.

In April Sri Lankan authorities announced a temporary suspension of repayment in all external debts of about $51 billion due to the worsening economic crisis in the country caused by the Covid-19 pandemic and the Ukraine war.

Sri Lanka’s foreign reserves stood at $1.93 billion last month, but it has around $4 billion in foreign debt payments that are due this year, according to BBC.

Protesters were urging President Rajapaksa to resign back in April.

 

Breaking: Sri Lanka President Gotabaya Rajapaksa flees after he declared the nation as total bankrupt. The moment after that the citizens surrounded the presidential palace and waived black flag along with Sri Lankan. There are no news yet on the whereabouts of President. pic.twitter.com/PGyev8lFxs

— Real Mac Report (@RealMacReport) July 9, 2022

Protesters stormed the Presidential Palace in Colombo on Saturday.

Colombo, Sri Lanka right now. The Presidential Palace has been stormed, President Gotabaya Rajapaksa is said to have fled. Unbelievable scenes. Live reports on @IndiaToday: https://t.co/p6JV6FzCub pic.twitter.com/8zlJdBfN2P

— Shiv Aroor (@ShivAroor) July 9, 2022

Footage emerged earlier today of President Rajapakse fleeing Sri Lanka aboard a Navy Vessel.

The American Navy ship, USCGC Sherman, was gifted to #SriLanka Navy in 2018.

It was named after anti-slavery activist John Sherman.

It is now being used to ferry Rajapaksa and his minions out of the country.

Notice — They always have their bag of goodies with them.

Via Midnight Rider.

Colombo, Sri Lanka right now. The Presidential Palace has been stormed, President Gotabaya Rajapaksa is said to have fled. Unbelievable scenes. Live reports on @IndiaToday: https://t.co/p6JV6FzCub pic.twitter.com/8zlJdBfN2P

— Shiv Aroor (@ShivAroor) July 9, 2022

The post Footage Shows Sri Lankan President Rajapakse Fleeing Country on a Ship with a Suitcase Full of Belongings — After He Declares Country Bankrupt appeared first on The Gateway Pundit.


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