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Despite the coronavirus pandemic and travel restrictions imposed to combat it, trade between Russia and Mongolia totaled $ 1.4 billion in 2020. This figure was cited by the Deputy Prime Minister of Russia Victoria Abramchenko during the meeting of the co-chairs of the intergovernmental Russian-Mongolian commission on trade, economic and scientific and technical cooperation, the deputy prime minister’s office reported.

“In 2020, the pandemic made adjustments to the dynamics of Russian-Mongolian bilateral trade, although at the end of the year its volume amounted to a ‘solid’ $ 1.4 billion, – said Victoria Abramchenko. – We expect a gradual recovery of indicators of trade and economic cooperation after the lifting of restrictions, related to the coronavirus. We have a lot of topics for joint cooperation. ” Among the areas of possible cooperation, the Deputy Prime Minister named energy, transport, environmental protection, health care, education and culture.

In the midst of the pandemic, Russia donated test systems to Mongolia for conducting 5.5 thousand studies on COVID-19, a mobile laboratory for express diagnostics, provided the necessary advisory and methodological support, the Deputy Prime Minister recalled.

The opening of a Mongolian trade office in Vladivostok, which is scheduled for this year, will help to increase the rate of mutual trade. According to Victoria Abramchenko, the corresponding order of the Russian government has already been prepared.

For the training of Mongolian citizens in Russian universities, 550 state scholarships have been allocated, the initiative of the Mongolian partners and the creation of a joint Russian-Mongolian school in Ulan Bator has been supported, the Deputy Prime Minister added. Work continues on concluding a free trade agreement between the Eurasian Economic Union and Mongolia, it will be beneficial to both parties, Victoria Abramchenko is sure.

A source: TASS

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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