A 400 million-euro ($570 mln) contract has been signed for the delivery of Russian MiG-29 fighters for the Myanmar Air Force, a source close to Russia's arms export monopoly told a business daily on Wednesday.

Vedomosti quoted the source at Rosoboronexport as saying the Russian bid to supply MiG-29 Fulcrum-D carrier-based fighter jets beat China's offer to sell its latest J-10 and FC-1 fighters.

Myanmar was rearmed with Chinese military aircraft worth some $2 billion in the 1990s, the paper said.

The country bought 12 MiG-29 fighters in 2001, but this contract is the largest since the 2007 unfulfilled contract to supply Algeria with 34 MiG-29 fighters.

In 2008, a contract for the supply of six MiG fighters was signed with Sri Lanka.

Russian Defense Minister Anatoly Serdyukov announced last year that Russia would give Lebanon 10 MiG-29 fighter jets for free, Vedomosti said.

MOSCOW, December 23 (RIA Novosti)