Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
On the sidelines of the meeting of the Supreme Eurasian Economic Council in Minsk, Deputy Prime Minister Alexei Overchuk held a meeting with First Deputy Prime Minister of Mongolia Nyam-Osoryn Uchral, during which the parties discussed key issues of bilateral and multilateral trade and economic cooperation.
Alexey Overchuk congratulated Nyam-Osoryn Uchral on his appointment to the high post and expressed confidence that his professional experience will contribute to further strengthening of friendly ties between Russia and Mongolia.
Both sides stressed the importance of prompt ratification of the temporary free trade agreement between the Eurasian Economic Union and Mongolia, signed in Minsk at a meeting of the Supreme Eurasian Economic Council. The parties discussed in detail a range of issues, the solution of which will create conditions for the effective implementation of the signed agreement.
The Deputy Prime Minister noted that bilateral cooperation is also developing dynamically. Mongolia is an important trading partner of Russia. According to the results of 2024, bilateral trade turnover increased by 17.8% to $2.59 billion. In January-April 2025, mutual trade increased by 5.9% and amounted to $861.2 million. The agreement will bring trade and economic relations between Russia and Mongolia to a qualitatively new level and will contribute to improving the trade balance between the EAEU member states and Mongolia.
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