Trends in foreign trade cooperation between Russia and Mongolia

Abstract

Russia puts a high priority on developing cooperation with the Asia-Pacific region, which is one of the centers of world economic development. These countries include Mongolia. Russian Mongolian relations are based on a long-term history of good neighborly relations and traditionally have a multidimensional nature. The article discusses the main aspects of Russian-Mongolian foreign trade relations based on the analysis of the changes in foreign trade turnover in bilateral trade and commodity structure. Currently, there foreign trade cooperation between the countries
is weakening. The article also considers the monostructural nature of trade between the two countries, which is very vulnerable. The national interests of Russia and Mongolia in the Russia–Mongolia–China triangle are acquiring special relevance and importance in modern conditions. Implementation of joint projects in the mining and processing industries, modernization of infrastructure and development of tourism could intensify trade, economic and investment relations between Russia and Mongolia.