Russia, Myanmar sign agreement on promotion, mutual protection of investments
Interfax | 20 June 2025
Russia, Myanmar sign agreement on promotion, mutual protection of investments
ST. PETERSBURG. June 20 (Interfax) - Russia and Myanmar have concluded an agreement on the promotion and mutual protection of investments.
The document was signed on Friday at the 2025 St. Petersburg International Economic Forum (SPIEF 2025) by Russian Economic Development Minister Maxim Reshetnikov and Myanma Investment and Foreign Economic Relations Minister Kan Zaw.
"This agreement opens new prospects for Russian businesses in Myanmar. We particularly note Myanmar’s readiness to involve Russian companies in offshore oil and gas field development. Russian technology and expertise could play a key role in developing Myanmar’s energy sector," Reshetnikov said.
The new agreement establishes a legal framework for expanding investment cooperation between the countries, providing investment protection guarantees, ensuring non-discriminatory treatment for investors and modern mechanisms for resolving investment disputes including through international arbitration.
"Provisions simplifying investment procedures will accelerate implementation of mutually beneficial projects, including in the Dawei Special Economic Zone where plans for a 660 MW coal-fired power plant are being developed," the Economic Development Ministry said.
Beyond energy, the agreement will create favorable conditions for cooperation in promising sectors like transport infrastructure, metallurgy, agriculture and telecommunications.
