Russia, Myanmar developing cooperation in renewable energy

Russia and Myanmar closely cooperate in the energy area and they are addressing expansion of this partnership, through projects in the sector of renewable energy among other things, Russian President Vladimir Putin said following talks with Prime Minister of Myanmar Min Aung Hlaing.

"Energy is a strategic area of bilateral cooperation. Russia reliably provides required energy resources to the republic. Last year more than 90% of oil was supplied to the market of Myanmar from Russia. We are developing possibilities to cooperate in the energy sector in other areas as well, including in the use of renewable resources of energy," Putin said.

The new joint statement confirms the key principles of the partnership between the two countries, the president stressed. "The issue is about further deepening of cooperation in the area of trade and investment. Last year trade turnover added around 40% and roughly amounted to $2 bln. We are ready to address expansion of mutually beneficial trade," he added.

Source: TASS

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  • Russia, Myanmar developing cooperation in renewable energy

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