Myanmar and Russia signed agreements on opening bank accounts between the central banks of two countries and tourism.

Myanmar delegation led by State Administration Council Member and Deputy Prime Minister Union Minister for Transport and Communications General Mya Tun Oo attended the Eastern Economic Forum held in the Russian Federation from 10 to 13 September singed above agreements.

Governor of CBM of Myanmar and vice-Governor of Russian central Bank singed the MoU on opening bank accounts between central banks of two countries, with the aims of having more conveniences in investments and in payments, and to open Russian bank branches in Myanmar. Union Minister for Tourism of Myanmar and Minister for Economic Development of Russian Federation signed MoU on cooperation in Tourism between the two countries with the aim of increase in tourists’ arrivals, upgrade in tourism services, promote in tourism industries.

The Myanmar delegation held key meetings with Russian officials during their visit. They met Adviser to the President of the Russian Federation and Chairman of the Managing Committee of Roscongress Foundation Mr Anton Kobyakov to discuss ongoing and future work plans between the two countries on 10 September.

They met Minister of Economic Development of the Russian Federation Mr Maxim Reshetnikov on 12 September to discuss the fourth meeting of the Russia-Myanmar Inter-Governmental Commission on Trade and Economic Cooperation, bilateral trade progress, and cooperation road maps.

Further discussions with First Deputy CEO Mr Sergey Pavlov of JSC Russian Railways focused on railway infrastructure, collaboration projects at locomotive and coach plants in Myanmar, educational opportunities in Russian universities, technical and financial assistance to Myanmar’s railway sector, and investments in dry port construction.

The delegation also explored economic cooperation between Russia and ASEAN countries and promoted Myanmar-Russia bilateral trade and investment during talks with Mr Ivan Viktorovich Polyakov, Chairman of the Russia-ASEAN Business Council.

The delegation met the Governor of Ikut to discuss development-related matters, tourism, and economic cooperation. They also discussed potential sea route trade and bilateral cooperation in the tourism industry with the Governor of Primorsky region on September 13.

They also met with officials from Aquarius Technology Ltd and Far Eastern FederalUniversity (FEFU) to discuss digital-related matters, cyber security, an MoU between the Ministry of Health and FEFU, and the establishment of an FEFU office in Nay Pyi Taw.

The delegation also visited the Commercial Port of Vladivostok to study port operations and management.