"The decision to write off Mongolia's Soviet debt takes into consideration the interests of both countries," Mr. Ivanov noted. "We have taken an important step forward and have closed an old chapter in our common history, this is significant both economically and politically." According to Mr. Ivanov, Russia's concession of a large portion of the Soviet-era debt demonstrates the special relations with Mongolia, an understanding of the current situation in the country and the benefits reaped by friendly neighboring states.
By addressing debt issues on time, Mongolia has demonstrated to the world community its responsible approach to international obligations. In Mr. Ivanov's opinion, the debt write-off will help strengthen Russian-Mongolian ties overall.
