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Most prominent economic collaboration between Russia and Mongolia is the Power of Siberia 2 natural gas pipeline, construction of which is expected to begin in 2024. [16] The planned 2,600 km pipeline connecting Russia and China via Mongolia will have a capacity of 50 billion cubic meters of gas per year and could be operational by 2030 ...
Mongolia has diplomatic relations with all 192 UN states, the Holy See, the State of Palestine and the European Union. [1]Its geopolitical position is defined by its geographical location, situated between Russia and China, relying on trade with both sides.
In early 2020s, Mongolia's economy, though experiencing growth spurred by natural resource exports, faces challenges. Over-reliance on mining, rising debt, inflation, and potential fuel supply disruptions from Russia pose risks to the country's economic stability despite government efforts in infrastructure and social programs. [28]
In mid-March 2018, president Khaltmaagiin Battulga appealed to U.S. President Donald Trump via telegram to more trade relations, saying an economic downturn threatened to destabilize Mongolia, and that although Mongolia is an "oasis of democracy", this "does not contribute to economic development" in a region where authoritarianism (China and Russia) in on the rise.
The foreign relations of the Russian Federation is the policy arm of the government of Russia which guides its interactions with other nations, their citizens, and foreign organizations. This article covers the foreign policy of the Russian Federation since the dissolution of the Soviet Union in late 1991.
In the 1920s, the Mongolian government drove foreign merchants out of the country and introduced a foreign trade monopoly. Mongolia traded only with the USSR until the establishment of relations with China after World War II, which ceased after the 1960s Sino-Soviet split. Comecon membership enabled import of machinery and vehicles from Eastern ...
Mongolia has long focused on building bilateral ties with its neighbours and other Asian countries, even entering into tripartite economic and security pacts with its two biggest neighbours China ...
Mongolia held its first democratic elections in 1990, following a peaceful 1990 revolution. [5] [6] From 1921 to 1990, Mongolia was a communist single-party state under the Mongolian People's Revolutionary Party. [7] Historically, Mongolian politics has been influenced by its two large neighbors, Russia and China. [8] [9]