Commodities August 18, 2026 01:12 PM

Putin Hosts Myanmar Leader in Moscow, Highlights Energy and Defence Cooperation

Discussions covered proposed oil and LNG projects, hydrocarbon exploration and wider sector ties as Myanmar seeks international backing

By Ajmal Hussain
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Russian President Vladimir Putin met in Moscow with Myanmar’s junta chief-turned-president Min Aung Hlaing, discussing cooperation on energy projects, defence and other sectors. Russia said it is in talks with Myanmar on building an oil refinery, exploring hydrocarbons onshore and on the continental shelf, and supplying liquefied natural gas, including for onward transit. The visit marks Min Aung Hlaing’s first trip outside neighbouring states since his appointment in April.

Putin Hosts Myanmar Leader in Moscow, Highlights Energy and Defence Cooperation
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Key Points

  • Putin and Min Aung Hlaing discussed energy projects such as an oil refinery, hydrocarbon exploration including on the continental shelf, and prospects for Russian LNG supplies.
  • Bilateral cooperation cited by Russia spans energy, defence and space exploration, with Moscow seeking opportunities for its energy companies in Myanmar.
  • Min Aung Hlaing’s visit to Russia - the first non-neighbouring country he has visited since becoming president in April - signals deepening ties amid Western pressure; sectors affected include energy, defence and international trade.

MOSCOW, Aug 18 - Russian President Vladimir Putin held a meeting in Moscow on Tuesday with Myanmar’s leader, Min Aung Hlaing, covering a broad set of topics that included potential energy agreements, defence cooperation and collaboration in areas such as space exploration.

Putin described Min Aung Hlaing as a friend of Russia and said the two nations were working together across multiple sectors. In his remarks after the talks, Putin said Moscow was negotiating with Myanmar on the construction of an oil refinery, and on hydrocarbon production and exploration projects, including activity on Myanmar’s continental shelf. He also said there were promising prospects for Russian liquefied natural gas supplies to Myanmar, potentially with onward transit to other countries.

Russia is the first country outside Myanmar’s neighbouring states that Min Aung Hlaing has visited since he became president in April, a development underscoring the growing ties between the two governments amid pressure from Western countries.

Min Aung Hlaing, formerly the head of Myanmar’s military, is subject to a range of Western sanctions. Since securing a parliamentary vote to become president following an election dominated by an army-backed party in the absence of a viable opposition, he has pursued international recognition and engagement. Russia, like China, has been a supporter of Myanmar’s military leadership.

Moscow has expanded defence cooperation with Myanmar and has actively sought opportunities for Russian energy firms in the country. The two leaders have met on multiple occasions since Min Aung Hlaing assumed power. Their meeting in the Kremlin last year was noted for a diplomatic exchange in which Min Aung Hlaing presented six elephants as a gift, and for an agreement whereby Russia’s state nuclear power corporation would build a small-scale nuclear plant in Myanmar.

Myanmar has faced significant instability since 2021, when the military removed the government led by Nobel Peace Prize laureate Aung San Suu Kyi, an action that precipitated a civil war and continuing turmoil. Min Aung Hlaing has visited Russia several times while serving as Myanmar’s leader, and this latest trip reinforces Moscow’s role as a partner for Myanmar amid international scrutiny.


Meeting highlights

  • Talks covered prospective energy projects including an oil refinery, hydrocarbon exploration on the continental shelf, and LNG supply arrangements.
  • Cooperation spans energy, defence and space exploration according to Russian statements.
  • The visit was Min Aung Hlaing’s first outside neighbouring states since becoming president in April.

Risks

  • Western sanctions on Min Aung Hlaing and the Myanmar leadership create political and financial uncertainty for international deals - this mainly impacts the energy and defence sectors.
  • Ongoing turmoil in Myanmar since the 2021 military takeover, which led to civil conflict, raises operational and security risks for projects and investment in Myanmar’s energy sector.
  • Legitimacy and diplomatic recognition concerns for Myanmar’s government following an election dominated by an army-backed party could affect partner confidence and the pace of project implementation across energy and infrastructure sectors.

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