Myanmar’s decision to import oil from Russia, first shipment to arrive in September

Myanmar has decided to import oil from Russia in view of rising prices, said a spokesperson of the Myanmar military junta.

According to a CNN report, Myanmar has friendly relations with Russia as both countries are under sanctions imposed by the West.

Russia is looking for new countries to sell its oil as its biggest buyer, Europe, is likely to ban imports from Russia by the end of this year.
“We have received permission to import oil from Russia and this oil is of good quality as well as low price,” said Myanmar’s military spokesman Za Man Than.

By September, oil shipments from Russia will start reaching Myanmar.

The spokesman said that the military junta chief Min Aung visited Russia last month to discuss oil imports.
Myanmar is also considering working with China and Russia to explore for oil wells in the country.

Last week, petrol pumps were also closed due to shortage of petrol in various cities of Myanmar.