GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
Myanmar's Min Aung Hlaing heads to Russia for official visit, state media reports - Finance news and analysis from Global Banking & Finance Review
Finance

Myanmar's Min Aung Hlaing heads to Russia for official visit, state media reports

Published by Global Banking & Finance Review

Posted on August 17, 2026

2 min read

· Last updated: August 17, 2026

Add as preferred source on Google

Myanmar President Min Aung Hlaing Makes Official Visit to Russia for Energy and Investment Talks

Overview of Min Aung Hlaing's Official Visit and Bilateral Relations

Background of the Visit

Aug 17 (Reuters) - Myanmar junta chief-turned-president Min Aung Hlaing left for Russia on Monday for his first official visit to the country since he assumed the presidency in April, according to state media.

International Engagements and Sanctions

Previous Official Trips

• Russia will be the fifth country Min Aung Hlaing has visited since becoming president, with official trips to India, China, Laos, and earlier this month, Thailand.

Quest for Legitimacy

• The former general is the subject of a raft of Western sanctions and has been on a quest for international legitimacy since winning a vote in parliament to become president, which came after an election dominated by an army-backed party in the absence of a viable opposition.

Myanmar-Russia Relations

Past Visits and Security Cooperation

• Min Aung Hlaing made four visits to Russia as junta chief, the first in June 2021 to attend a security conference, five months after seizing power in a coup. He visited twice in 2022 and again in March 2025 when he held formal talks with Russian President Vladimir Putin in Moscow.

Energy and Investment Agreements

Nuclear Power Plant Deal

• Russia is hoping to open up opportunities in Myanmar for its energy companies. The two countries signed an agreement to construct a small-scale nuclear power plant in Myanmar when Min Aung Hlaing met Putin in 2025.

Dawei Special Economic Zone Cooperation

• Russia and Myanmar signed a memorandum on investment cooperation for the strategically located Dawei Special Economic Zone in February 2025, including the construction of a port and an oil refinery.

Business and Regional Participation

• Min Aung Hlaing's latest trip includes a Myanmar-Russia business forum. Joining him will be the chief minister of the Tanintharyi region, where Dawei is located, and the head of Myanmar's aerospace agency, according to state media.

Defence and Aerospace Collaboration

Military Training and Arms Sales

• Defence ties have grown in recent years with Moscow providing army training and university scholarships to thousands of Myanmar soldiers, as well as selling arms to a military blacklisted by some Western countries.

Space Cooperation

• Russia also earlier this year said it would help to train Myanmar's first cosmonaut.

(Reporting by Reuters Staff; Editing by Martin Petty)

Key Takeaways

  • The March 2025 intergovernmental agreement with Russia paves the way for a 110 MW land‑based small modular reactor (expandable to 330 MW) under Rosatom, plus ongoing roadmap for 2025–2026 cooperation in nuclear technology, training, and regulatory development. (world-nuclear-news.org)
  • In February 2025, Myanmar and Russia signed a memorandum on investment cooperation for the strategically significant Dawei Special Economic Zone, covering a port, coal‑fired power plant, and oil refinery, reflecting expanding economic ties. (yahoo.com)
  • Defense and education linkages continue to strengthen, with Moscow providing military training, scholarships, arms, and support for Myanmar’s first cosmonaut, further bolstering the junta’s quest for international legitimacy. (en.wikipedia.org)

References

Frequently Asked Questions

Why is Min Aung Hlaing visiting Russia?
Min Aung Hlaing is visiting Russia to strengthen investment, energy cooperation, and discuss defence ties as part of his effort for international legitimacy.
What agreements have Russia and Myanmar signed recently?
Russia and Myanmar signed agreements on building a nuclear power plant and developing the Dawei Special Economic Zone, including a port and oil refinery.
Who is accompanying Min Aung Hlaing on his visit?
The chief minister of Tanintharyi region and the head of Myanmar's aerospace agency are accompanying him to Russia.
How has Russia supported Myanmar in recent years?
Russia has provided military training, university scholarships, arms sales, and pledged support for Myanmar's first cosmonaut.
What is the significance of the Dawei Special Economic Zone?
The Dawei Special Economic Zone is strategically important for investment and infrastructure, including port and refinery construction.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category