OREANDA-NEWS  Russia and Myanmar closely cooperate in the energy sector and are working to expand it, including through projects in the field of renewable energy sources. This was announced by Russian President Vladimir Putin following talks with Myanmar Prime Minister Min Aung Hlaing.

"Energy is a strategic area of bilateral cooperation. Russia reliably provides the republic with in-demand energy resources. Last year, more than 90% of the oil entered the Myanmar market from our country. We are exploring opportunities for cooperation in the field of energy and in other areas, including the use of renewable energy sources," Putin said.

The President emphasized that the new joint statement confirmed the key principles of the Russian-Myanmar partnership. "We are also talking about further deepening cooperation in the field of trade and investment. Last year, the trade turnover increased by about 40% and has already amounted to about $2 billion. We are ready to work on expanding mutually beneficial trade. Credit and financial cooperation is also being built," Putin said.

He noted the active work of the intergovernmental commission, whose regular meeting was held recently in the capital of Myanmar.