Myanmar junta chief invites foreign investment at Russia hosted forum

Eastern Economic Forum hosted by Russia President Vladimir Putin

Speaking at the Eastern Economic Forum hosted by Russian President Vladimir Putin in Vladivostok, Hlaing invited foreign investment into Myanmar and suggested replacing the use of the U.S. dollar with China's Yuan, Russia's Rouble and India's Rupee.

Min Aung Hlaing said Myanmar was buying oil from Russia and paying in roubles because it had difficulty using other currencies.

The junta has been barred from most regional summits and in its isolation has turned increasingly towards Russia for diplomatic support and more military hardware.

Myanmar has been in turmoil since Min Aung Hlaing led a coup in February 2021 against Nobel laureate Aung San Suu Kyi's government, arresting its leadership and detaining thousands of activists and protesters.