President Battulga discusses Mongolia-Russia relations
The newly elected Mongolian President Battulga discussed his foreign policy regarding Russia and the development of Mongolia-Russia relations in an exclusive interview with Russian news agency TASS.
President Battulga discusses Mongolia-Russia relations. The newly elected Mongolian President Khaltmaa Battulga discussed his foreign policy regarding Russia and the development of Mongolia-Russia relations in an exclusive interview with Russian news agency TASS. In the interview with TASS, the president also expressed his intention to participate in the third Eastern Economic Forum to be held in the Russian city of Vladivostok on Sept. 6-7. In recent years, high-level mutual visits by leaders of Mongolia and Russia have demonstrated growing political relations between the two countries. Trade turnover between Mongolia and Russia amounted to 559 million U.S. dollars in the first half of 2017, up 43 percent year on year. A trade deficit remains for Mongolia, as Russia currently accounts for more than 90 percent of the total volume of bilateral trade, among which oil products and electricity take the largest share. Russia only accounts for about 2 percent of Mongolian exports.
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