https://sputnikglobe.com/20230911/myanmar-uses-yuan-to-pay-for-russian-oil-products--1113264736.html
Myanmar Uses Yuan to Pay for Russian Oil Products
Myanmar Uses Yuan to Pay for Russian Oil Products
Sputnik International
The minister added that the parties are preparing an agreement on the mutual conversion of national currencies. Last September, the prime minister told Sputnik the country was buying Russian petroleum products.
2023-09-11T02:30+0000
2023-09-11T02:30+0000
2023-09-11T05:46+0000
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"We are using yuan and not [paying] with rubles at this moment. But we are trying to make the kyat-ruble agreement [on the mutual conversion] … [the agreement] is going [to be signed] very soon," Kan Zaw said on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok. In addition, Kan Zaw expressed hope that Myanmar would conclude an agreement with Russia on tourism on the sidelines of the EEF. Last September, Prime Minister of Myanmar Min Aung Hlaing told Sputnik that the country had begun purchasing Russian petroleum products. Myanmar will begin accepting cards of the Russian Mir payment system in October, Kan Zaw said.The 8th EEF is taking place on the campus of the Far Eastern Federal University in the Russian city of Vladivostok from September 10-13. RIA Novosti is the official media partner of the forum.
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myanmar, yuan, rubles, russian petroleum products, eastern economic forum, eef, russia, russian energy
myanmar, yuan, rubles, russian petroleum products, eastern economic forum, eef, russia, russian energy
Myanmar Uses Yuan to Pay for Russian Oil Products
02:30 GMT 11.09.2023 (Updated: 05:46 GMT 11.09.2023) VLADIVOSTOK (Sputnik) - Myanmar uses the yuan to pay for supplies of Russian petroleum products, Minister of Investment and Foreign Economic Relations of Myanmar Kan Zaw told Sputnik, adding that the parties are preparing an agreement on the mutual conversion of national currencies.
"We are using yuan and not [paying] with rubles at this moment. But we are trying to make the kyat-ruble agreement [on the mutual conversion] … [the agreement] is going [to be signed] very soon," Kan Zaw said on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.
In addition, Kan Zaw expressed hope that Myanmar would conclude an agreement with Russia on tourism on the sidelines of the EEF.
Last September, Prime Minister of Myanmar Min Aung Hlaing told Sputnik that the country had begun purchasing Russian petroleum products.
Myanmar will begin accepting cards of the Russian Mir payment system in October, Kan Zaw said.
"Mir cards could be used starting from October, I hope," Kan Zaw said on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok, adding that an agreement on this issue was signed between the central bank and six commercial banks.
The 8th EEF is taking place on the campus of the Far Eastern Federal University in the Russian city of Vladivostok from September 10-13. RIA Novosti is the official media partner of the forum.
