Mongolia still owes Soviet-era debt to Russia

Visiting Russian President Dmitry Medvedev confirmed that Mongolia still owes remaining debt of Soviet times to Russia. During joint press conference of the Mongolian and Russian Presidents held in Mongolian Government house, he said " there are remaining debt. We want to solve this problem within the framework of developing strategic partnership between the two countries."
In December, 2003, Mongolia settled 98 percent of the "Big debt" of 11.2 billion convertible rouble to Soviet Union through payment of $ 250 US million. Former President Enkhbayar Nambar and his associates were instrumental in this debt settlement. Mongolian public opinion was that all debts dating Soviet era was cleared by Russian government after this settlement.

However, Dorligjav, head of the Presidential office who visited to Moscow for preparation of the Russian President's visit to Mongolia made surprise announcement about "remaining debt" after coming back. Mongolia still owes $ 150-160 million US to Russia due to the Mongolian-Russian joint mining company "Mongol RosTsvetmet", according to Dorligjav. However, some of the politicians and lawmakers from MPRP still insisted that all this talk about remaining debt is spread by Dorligjav and his camp for political reason.


Reporting by Ganbat, reporter of MonInfo, news service
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