Registration was successful!
Please follow the link from the email sent to

Putin Ratifies Law to Write Off Mongolia’s $174Mln Debt

© Sputnik / Mikhail Klementyev / Go to the photo bankPresident Vladimir Putin chairs meeting of Russian Security Council
President Vladimir Putin chairs meeting of Russian Security Council - Sputnik International
Subscribe
President Vladimir Putin has ratified a law to write off Mongolia’s $174-million debt to Russia, according to a document published on the official Russian website for legal information on Sunday.

Russian-Mongolian military exercises Selenga-2015 in Trans-Baikal Territory - Sputnik International
Russia, Mongolia to Hold Selenga-2016 Military Drill in Buryatia
MOSCOW (Sputnik) — The bill was signed in Moscow in December 2010 and took six years to go through all stages of pre-legislative scrutiny.

Mongolia’s outstanding debt to Russia was a major hurdle for deeper investment cooperation between the two nations.

Russian companies seek to increase their presence in Mongolia’s construction and mineral production markets. The July 2010 deal between Moscow and Ulaanbaatar cleared the way for Russian business and guaranteed $3.8 million as a one-off repayment from Mongolia.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала