Russia may grant Mongolia a loan in rubles

Sergei Lavrov discusses economic cooperation with Mongolia in Ulan Bator

Russia and Mongolia are discussing the possibility of granting Ulan Bator ruble loan, Russian Foreign Minister Sergei Lavrov said on April 14. 
“Now we have no legal impediments to renewing the credit relations between Russia and Mongolia, and this possibility is now being discussed,” he said after talks with his Mongolian counterpart Londrina Purevsuren.
“At the same time, the dialogue between Central Banks on swap transactions is under way,” Lavrov added. “Of course, good opportunities can be realized through the deepening of cooperation between Mongolia and the Eurasian Economic Union.”
The Russian foreign minister did not divulge any further details on the terms of credit cooperation.
On April 13, Lavrov held a press conference for journalists from Mongolia, Japan and China, where he spoke of the Southern Kuril Island dispute, tensions in the Korean peninsula and the prospects for integrating China’s Silk Road project and the Eurasian Economic Union.

Source:Russia Beyond the Headlines


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