The Southeast Asian country of Myanmar is buying Russian oil amid a fuel shortage.
Myanmar is buying Russian oil, which it says is “high-quality” and cheap.
In the last week, gas stations in parts of Myanmar have been forced to shut due to fuel shortages.
Russia and Myanmar are forging closer ties as they face challenges in the international community.
Despite sanctions and boycotts over its invasion of Ukraine, Russia has managed to acquire new customers for its energy products. This time, Myanmar is joining the line to buy Russian gas and fuel oil, according to Reuters and Bloomberg.
“We aim to buy high-quality fuel oil at a cheap price from the country where we can get it quickly,” Myanmar’s military spokesperson Zaw Min Tun said on Wednesday, per Bloomberg. He said military chief Min Aung Hlaing sealed a fuel oil deal with Russia during a trip to Moscow in July.
Myanmar has been ruled by the military since its civilian government was overthrown in a coup in February 2021. Since…
This article was written by [email protected] (Huileng Tan) and originally published on www.businessinsider.com