Russia has been able to get new customers for its energy products despite sanctions. The country is buying Russian gas and fuel oil according to reports.
"We aim to buy high-quality fuel oil at a cheap price from the country where we can get it quickly," said Zaw Min Tun, a military spokesman. He said the military chief sealed a fuel oil deal with Russia.
Since the overthrow of the civilian government in February 2021, the military has been in charge of the country. The United States and European Union have imposed sanctions on the junta. Civil protests continued after the coup.
Inflation is a problem for many economies around the world. In the last week there have been shortages of fuel at gas stations.
According to local media, Russian fuel oil is expected to arrive in the country in September.
Russia has been hit with a lot of sanctions from the west. Europe has begun to buy less from Russia. President Putin has been trying to sell Russia's energy to other markets. Russia said in April that it was ready to sell oil in any price range.
There is a list of countries that are looking to get Russian oil. China and India have been buying oil from Russia. According to the director for energy, climate, and resources at the Eurasia Group, it is unlikely that Moscow will be able to find buyers for all the oil it would have sold to the EU. According to a July report from Yale University, such markets are more price sensitive.
Closer ties have been forged between Russia andMyanmar. The Russian foreign minister was in the country. Russia is one of the major arms suppliers to the country.