Russia, Mongolia Work Out Possibility of Ruble Loan to Ulaanbaatar

Russia and Mongolia are discussing the possibility of a ruble loan for Ulaanbaatar, Russian Foreign Minister Sergei Lavrov said on Thursday.

ULAANBAATAR (Sputnik) – Lavrov, who is currently paying an official visit to Mongolia, met with his Mongolian counterpart Lundeg Purevsuren in the country’s capital, Ulaanbaatar, on Thursday morning.
"Now we have no legal obstacles to resume credit relations between Russia and Mongolia, such a possibility is currently under discussion," the Russian foreign minister said after the meeting, when asked about the possibility of Russia providing a ruble loan to Mongolia.
According to Lavrov, the two countries’ central banks are holding parallel talks on swap operations.
Earlier this year, Russian President Vladimir Putin ratified a law to write off Mongolia’s $174-million debt to Russia. The debt was a major hurdle for deeper cooperation between the two countries.
On Thursday, Lavrov signed a medium-term program for the development of Russia-Mongolia strategic partnership.
"Our ties are complemented by trilateral cooperation in the Russia-Mongolia-China format. At a meeting in Ufa in July 2015 the heads of state endorsed a ‘road map’ of trilateral cooperation and now the Working Group is finishing work on the program of creating a Russia-China-Mongolia economic corridor," Lavrov said.
The Russian foreign minister is also set to meet with Mongolian President Tsakhiagiin Elbegdorj and Prime Minister Chimed Saikhanbileg during his visit to Ulaanbaatar.


Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IMF Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive