business ⛽ Russia eyes oil and gas deals in Myanmar ⛽
Russian President Vladimir Putin announced Russia's readiness to cooperate with Myanmar on natural resource exploration and oil/gas extraction. This statement was made on August 18 during a meeting with Myanmar President U Min Aung Hlaing in Yangon. Discussions covered ongoing agreements, including a nuclear power plant signed last year, and 12 new MoUs were signed during the visit. The energy sector remains a key focus, with potential for LNG exports and offshore projects. Both nations are strengthening ties across various sectors, including high-tech and military cooperation.