Russia-Mongolia 2019 Bilateral Trade Up 13%

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Russia and Mongolia have increased their bilateral trade volumes by 13.1 percent year-on-year in the January-September 2019 period, the Russian Ambassador to Mongolia Iskander Azizov has stated ahead of the Mongolian prime minister’s visit to Moscow this week.
Russian Prime Minister Dimitri Medvedev is meeting his counterpart Ukhnaagin Khurelskh. Azizov said that bilateral trade had doubled since 2016, and that the two countries had pledged to increase bilateral trade to US$2 billion. It currently stands at US$1.7 billion.

On the Moscow agenda is also likely to be discussions about Mongolia joining the Eurasian Economic Union in addition to improved rail and transport connectivity between Russia and Mongolia as well as links through to Vladivostok. Mongolia is a major producer of solar power and has aims to sell excess energy to markets elsewhere in North-East Asia.

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