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Ulan Bator hosted the 23rd meeting of the Russian-Mongolian intergovernmental commission on trade, economic, scientific and technical cooperation. The Russian delegation is headed by Deputy Prime Minister, Chairman of the Russian part of the intergovernmental commission Victoria Abramchenko.

As Victoria Abramchenko said, the development of comprehensive ties with Mongolia is invariably one of Russia’s foreign policy priorities. The Vice Prime Minister congratulated those present on the 100th anniversary of the establishment of diplomatic relations between the states and thanked the Vice Prime Minister of Mongolia, Chairman of the Mongolian part of the Commission Saynbuyangiin Amarsaykhan for organizing the visit of the Russian delegation to Ulan Bator.

Victoria Abramchenko noted that the work of the commission proceeded in a constructive and friendly manner. A wide range of issues on the bilateral agenda was considered, including the development of cooperation in the field of transport, energy, industry, agriculture, and the humanitarian sphere. We discussed in detail the aspects of interaction on the diversification of trade ties.

The parties are faced with systemic tasks to launch infrastructure projects that are important for bilateral cooperation; special attention is paid to cooperation in the energy sector. Victoria Abramchenko noted that Russia is counting on the joint implementation of promising projects for the construction of a gas pipeline from Russia to China through Mongolia, modernization of existing and creation of new energy facilities, as well as in the supply of petroleum products. “One such example is the construction of the Russia-Mongolia-China gas pipeline. We are currently focused on developing a feasibility study for this project. Colleagues from the Ministry of Energy, Gazprom and its subsidiary, which was specially created to deal with this project, will finish this work at the end of the year, possibly in early December, ”the Deputy Prime Minister said.

Another project is related to the modernization of TPP-3 in Ulaanbaatar. “The feasibility study is now in the final stage of development, colleagues call the term – II quarter of 2022. By this time, we will understand the cost of this project, we will coordinate this cost with the customer from the Mongolian side. The Mongolian side, most likely, by this time will have the necessary knowledge as to how much export credit will be required from the Russian side to engage in this project. We can talk about the signing of the contract as early as the third quarter of 2022, “commented Victoria Abramchenko.

In addition, the meeting of the commission confirmed the mutual interest in further strengthening Russian-Mongolian cooperation in the field of transport. Work will continue to improve the efficiency of the joint venture – Ulan-Bator Railway.

Cooperation in the field of industry is expanding. Despite the pandemic of the new coronavirus infection, this year an exhibition of modern Russian agricultural and road-building equipment “Spetsmash-2021” was held in Ulaanbaatar. The possibilities of supplying Russian heavy engineering products for Mongolian mining enterprises, as well as raw hides from Mongolia are discussed.

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

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