1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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Central bank raises its policy rate www.montsame.mn

The Monetary Policy Committee (MPC) of the Bank of Mongolia held scheduled meetings on March 23 and 24, 2022. Taking into consideration the current state of the economy and financial markets as well as the outlook for the domestic and foreign economic environment, the MPC decided to increase the policy rate by 2.5 percentage points to 9.0 percent.
The tension arisen in international relations recently has become an additional source of uncertainty in the foreign and domestic economy. As the range of uncertainties widened, commodity prices especially prices of crude oil and food rose sharply in the international markets, and supply chain disruptions are expected to persist, many countries are subject to risks of higher inflation and lower economic growth for this year than previously expected.
Annual headline inflation reached 14.2 percent nationwide and 15.5 percent in Ulaanbaatar city as of February 2022. Elevated prices of food and petroleum in the international markets, transportation, and logistic restrictions, which incur further transportation costs, as well as supply disruptions have been identified as the main factors explaining recent inflation developments. Though inflation has gradually decelerated in February consistent with our previous projections, the current inflation outlook is being revised upwards due to the international tension arisen recently.
Economic growth last year undermined expectations owing to reduced production activities in mining, transportation, and construction sectors mainly caused by border restrictions, despite trade and service sectors supporting growth in line with the easing of pandemic-related quarantine measures. Economic growth outlook in 2022 is expected to be negatively affected by higher production costs driven by surges in crude oil prices in the global markets, taking into account the current state of international relations, as well as constrained supply of production inputs resulting from anti-COVID policies being implemented by our main trading partner.
Acceleration of external benchmark rate, worsening balance of payments, and increased inflation expectations through the prevalence of cost-push inflation that is triggered by higher production costs have necessitated the implementation of policy measures with the aim to tighten monetary policy stance at a faster pace and improve relative yield on the domestic currency. The Bank of Mongolia will take subsequent necessary actions in a timely manner in accordance with activities in the foreign and domestic economy, inflation developments, supply constraints as well as the state of international relations.
Bank of Mongolia
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COVID-19: 69 cases reported www.montsame.mn

The Ministry of Health reported today that 69 СOVID-19 cases were recorded in the last 24 hours nationwide. In detail, 38 cases were reported in Ulaanbaatar city, with 31 cases in 21 provinces.
It was also reported that no COVID-19 related death has been reported in the past 24 hours. Currently, there are 378 people are receiving hospital treatment for COVID-19 whilst 1,166 people with mild symptoms are being treated at home.
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Can COVID make your brain shrink? www.aljazeera.com

We have known for some time now that COVID-19 can affect the nervous system.
Some people who contracted the SARS-CoV-2 virus have suffered from a number of neurological complications including confusion, strokes, impaired concentration, headaches, sensory disturbances, depression, and even psychosis, months after the initial infection.
Now, researchers at the University of Oxford have conducted the first major peer-reviewed study comparing the brain scans of 785 people, aged 51 to 81 of whom 401 had contracted COVID and 384 had not. There were, on average, 141 days between testing positive for COVID and the second brain scan.
The study revealed that, when compared to the scans of a control group, those who tested positive for COVID had greater overall brain shrinkage and more grey matter shrinkage and tissue damage in regions linked to smell and mental capacities months after the initial infection.
Although the research does shed some light on the ongoing symptoms of long COVID, I would caution against generalising the findings to the population at large before more research is conducted.
Researchers said even though the effects were more pronounced in older people who had been hospitalised for their symptoms, even those with mild symptoms had some changes.
“Despite the infection being mild for 96 percent of our participants, we saw a greater loss of grey matter volume, and greater tissue damage in the infected participants, on average 4.5 months after infection,” said Professor Gwenaëlle Douaud, lead author on the study. “They also showed greater decline in their mental abilities to perform complex tasks, and this mental worsening was partly related to these brain abnormalities.”
The study was conducted when the Alpha variant was dominant in Britain and is unlikely to include anyone infected with the Delta variant. The researchers also did not say if vaccination against COVID had any impact on the condition.
The scans they did reveal changes in several parts of the brain after people contracted COVID, including:
Greater reduction in grey matter thickness and tissue contrast in the orbitofrontal cortex and parahippocampal gyrus. The orbitofrontal cortex is the part of the brain that controls reward, emotion and fluctuations in mood and feelings of sadness. It is also involved in cognitive function and decision-making. The parahippocampal gyrus plays a role in the control of our emotions as well as an important role in memory retrieval and spatial awareness and processing. We have seen symptoms of depression, anxiety and “brain fog” where people are prone to memory issues after a COVID infection.
Greater changes in markers of tissue damage in regions functionally connected to the primary olfactory cortex. This is the part of the brain for processing and perception of smell; it also helps link smells to certain memories and survival responses. Loss of sense of smell has been a hallmark symptom of COVID and this may explain why that is.
Greater reduction in global brain size, essentially meaning the participants’ brains were smaller after testing positive for COVID than when scanned before the infection.
It is not uncommon for our brains to shrink as we get older, the natural ageing process results in the loss of grey matter every year, on average between 0.2 percent and 0.3 percent, according to researchers.
But the study found that, compared with uninfected participants, those who contracted COVID – even those who had mild cases – lost between 0.2 percent and 2 percent between scans.
The study also found that participants who had suffered from COVID exhibited a greater decline in efficiency and attention when performing a complex cognitive task.
The Oxford study is the first study to make such a direct link between COVID infections and changes in the brain. It goes some way to providing us with the beginnings of an explanation about the myriad neurological symptoms people with long-COVID complain about, although researchers stress that more studies are needed.
We do not know whether the changes in the brain demonstrated in this study are long-term or permanent, or whether they would be the same for younger people, who generally (but not always) get milder COVID symptoms.
Since the study was conducted during the reign of the Alpha variant, more work needs to be done on those who contracted the Delta and Omicron variants to see if similar changes are found.
The timing of the study also means that the participants were unlikely to have been vaccinated. Now, with so many people vaccinated, it would be useful to know if the vaccines offer a layer of protection.
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Mongolia records lowest daily COVID-19 cases in a year www.xinhuanet.com

March 27 (Xinhua) -- Mongolia recorded 25 new COVID-19 local infections over the past 24 hours, the lowest since March 6, 2021, when eight daily cases were reported, the Health Ministry said on Sunday.
The country's COVID-19 tally has now increased to 469,041, and its COVID-19 death toll stands at 2,108, with no new deaths reported in the last day, the ministry said in a statement.
Currently, there are 1,588 active COVID-19 cases across the country.
Almost 67 percent of Mongolia's population of 3.4 million has received two COVID-19 vaccine doses, 1,031,637 people have received a third dose and 113,896 have received a voluntary fourth shot.
With a high vaccination coverage and declining daily infections, Mongolia has essentially returned to normal life. It has resumed in-person classes for all educational institutions and fully opened its borders to foreign tourists.
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Former judoka departs to the US for her first UFC match www.montsame.mn

On March 24, Olympic bronze medalist, Hero of Labour, State Honored Athlete M.Urantsetseg departed for her first UFC match in the US.
During an event that was held in January this year for her Hero of Labour title, the athlete announced that she is retiring from the sport of judo in which she continuously trained for 17 years, and making her debut in UFC.
From all of the large-scale international judo competitions and tournaments she competed in, Urantsetseg won 21 gold, 16 silver, and 21 bronze medals - a total of 47 medals.
During her judo career, she also set a Guinness record for the most medals won on the International Judo Federation (IJF) World Tour by winning 39 medals between 2010 and 2021.
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Commodity price spikes could signal lasting market changes – report www.mining.com

Market analyst Wood Mackenzie warns that the ongoing metals and mined commodity price spikes, combined with heightened geopolitical tensions, could result in long-lasting market changes.
In recent months, factors including the Russia-Ukraine conflict, stimulated economies, thriving post-pandemic demand, and ongoing covid constraints on logistics have put supply chains under immense stress, triggering multiple price records for metals and mined commodities.
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WoodMac’s vice president, Robin Griffin, said in a press note the drastic divergence of price and production cost could not last indefinitely, even if there were an enduring stranding of Russian production.
“A look at notional margins miners enjoy suggests that the price rises are fragile at best. Margins are way above historical norms, and such a drastic divergence of price and production cost cannot last indefinitely,” said Griffin.
“The disruption to regional and product price relationships also points to price fragility. For example, Asian steel prices remaining flat while iron ore and metallurgical coal prices continue to soar is incongruous, given their influence on steel production costs,” said Griffin.
According to WoodMac, the conflict “will undoubtedly” leave an indelible mark on some commodity markets.
“A prolonged shift in some Russian trade from Europe to China and India, and a lack of western participation in the Russian metals and mining sector are near certainties. But even if we ignore for a moment the serious geopolitical impacts on trade, the price shocks themselves will also engender potentially long-lasting change,” said Griffin.
WoodMac flagged several potential outcomes explicitly stemming from the current commodity price spikes. These include buyers taking a more conservative, risk-averse approach which could entail a preference shift towards longer-term contracts with less spot trade.
Some buyers are also expected to seriously consider vertical integration into supply chains once the uncertainty subsides, while governments may move to increase regulation to manage volatility.
WoodMac also suggested that price spikes could result in capital expenditure uncertainty. While project incentive prices have been well and truly left behind in the current price spike, the analyst noted that producers and investors typically needed to believe that changes were structural before committing. “The extreme volatility may, in fact, have the reverse effect as investors delay decisions until clarity improves,” said WoodMac.
Meanwhile, an immediate shift to alternative fuels is possible, particularly thermal coal and pulverized coal injection. Accelerated penetration of alternative technologies is also possible in the power and steel sectors if high prices persist, including the early advent of low carbon technologies such as hydrogen-based direct reduction iron.
Battery chemistry competition may also increase as exorbitant prices for lithium-ion battery raw materials drive manufacturers toward alternative chemistries such as lithium-iron-phosphate.
“There are, of course, a range of risks to global consumption from high energy prices that could affect demand for metals and mined commodities,” said WoodMac.
Further, WoodMac noted that mine inflation was surging as high prices shifted the focus from cost control and the rise of input costs.
“This is true across all mined products, where higher labour, diesel and power costs are already taking a toll. Some participants are privately forecasting that cost inflation will hit record highs.”
Further, price indices are coming under pressure. The London Metal Exchange’s recent decision to suspend nickel trading, and nullify completed transactions, had sent shivers down the spines of exchange users.
WoodMac expects it would take time to rebuild trust, and traded volumes are unlikely to recover immediately. “All price indices in affected commodities will see increased scrutiny,” said WoodMac.
Nickel nuance
Meanwhile, Fitch Solutions Country Risk & Industry Research reports high-grade nickel consumers seek alternatives to Russian supplies as battery-making costs surge with nickel prices.
Russia is the leading provider of Class 1 nickel mining, while China is the most significant player for refining.
Fitch said in its new report automakers, battery manufacturers, and industrial consumers would likely forge new business partnerships to source alternatives to high-grade nickel, as Russian supply remained constrained on the back of the Ukraine war.
Commodity price spikes could signal lasting market changes – report
Automakers, battery manufacturers, and industrial consumers would likely forge new business partnerships to source alternatives to high-grade nickel, as Russian supply remains constrained. Credit: Fitch Solutions.
To this end, China-based Tsingshan Group and other companies actively developing the capacity to refine lower-grade nickels are set to benefit.
Fitch also flagged shifting importer preferences, self-sanctioning, and a desire to minimize sanctions risks were affecting purchases of Russian nickel exports.
As a result, mining and refining operations in ‘safe’ countries with more stable regulatory and trade regimes were likely to benefit.
According to Fitch, Indonesia is likely to see increased interest in refining projects due to domestic policy and Tsingshan’s example but suffers from policy uncertainty. The changing preferences between higher and lower grades will also affect the medium to long-term market forecasts as the market settles and more deals are announced, said Fitch.
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Miner backed by Gates & Bezos to start drilling in Greenland www.rt.com

US-based mineral exploration company KoBold Metals said on Thursday it is ready to start drilling for nickel and other raw materials used in electric vehicles, amid skyrocketing prices brought about by Ukraine-related sanctions on Russia.
The company secured a 51% stake in the Disko-Nuussuaq project on Greenland’s west coast last year, operated by UK-based Bluejay Mining. In their joint venture, the mining firms plan to drill a total of 3,000 meters in 2022 at depths of between 150 to 400 meters to get to where the metals are located.
“The objective is to target massive nickel, copper, cobalt and platinum group metals,” Bluejay CEO Bo Stensgaard told Reuters.
The ambitious project comes as prices for metals, especially nickel, used in electric vehicle batteries more than doubled earlier in March amid Western sanctions imposed on Russia following its military operation in Ukraine. Russia supplies around 10% of the world’s nickel needs, as well as 4% of cobalt. It is also the world’s 8th largest copper producer and 4th largest supplier of platinum.
Void left by ban on key metal from Russia can't be filledREAD MORE: Void left by ban on key metal from Russia can't be filled
“The recent unfortunate geopolitical developments clearly show that the Western world needs new deposits of these critical metals,” Stensgaard said.
KoBold is famous for utilizing artificial intelligence and cloud computing techniques to predict the composition of the subsurface in the hunt for raw materials. The firm says its goal is to “fully electrify the global economy” and start an “electric vehicle revolution.” The project is backed by notable billionaires such as Microsoft co-founder Bill Gates, Amazon founder Jeff Bezos, and Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates.
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Nearly half of foreign businesses in Hong Kong are planning to relocate www.cnn.com

New York (CNN Business)Foreign businesses have for decades reaped the benefits of setting up shop in Hong Kong, a historically stable, expat-friendly finance hub at the doorstep of mainland China.
But lately, as Beijing has tightened its grip on the former British colony, those firms are increasingly eyeing the exits.
Nearly half of all European businesses in Hong Kong are considering relocating in the next year, according to a new report. Companies cite the local government's extremely strict Covid-19 protocols that mirror those on the mainland.
Among the firms planning to leave, 25% said they would fully relocate out of Hong Kong in the next 12 months, while 24% plan to relocate at least partially. Only 17% of the companies said they don't have any relocation plans for the next 12 months.
The city's "zero Covid" strategy led to severe consequences for businesses and residents, the report from the European Chamber of Commerce said. Hong Kong's "biggest advantage" — its global connectivity and proximity to mainland China —"has been almost completely disabled," the Chamber said.
Hong Kong's quarantines are notorious among residents and expats. At one point, the government required most inbound travelers to self-isolate in hotel rooms, on their own dime, for three weeks, one of the world's longest isolation periods.
Although Hong Kong officials recently lifted flight bans and scaled back the city's quarantine requirements down to seven days, an exodus is already playing out.
Last week, Hong Kong Chief Executive Carrie Lam acknowledged that the protocols were eroding residents' satisfaction with the city, saying she had a "very strong feeling that people's tolerance is fading."
The European survey released Thursday tracks with a similar report from the American Chamber of Commerce in January, which found that 44% of expats and businesses are likely to leave the city, citing Covid-related restrictions.
"Hong Kong still holds business opportunities but an array of issues, especially draconian travel restrictions and worsening US-China relations, weigh on sentiment," the US report said.
For some, the travel restrictions have proven to be a final straw after years of watching Beijing encroach on Hong Kong's policy.
Even without the Covid crisis, headhunters were having trouble bringing talent to Hong Kong because of Beijing's growing oversight of the semiautonomous territory. Massive and at-times violent protests prompted by a Beijing-imposed extradition bill plunged the city into a political crisis in the summer of 2019. A year later, as Covid-19 restrictions kept protesters at bay, China passed a wide-ranging national security law that broadly curtails free speech rights in Hong Kong.
More than 80% of US firms in Hong Kong said they had been impacted by the national security law, according to the American Chamber of Commerce report. Nearly half saw staff morale take a hit and said they lost employees who decided to emigrate.
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JMC Projects India representatives visit Mongolia Refinery State Owned LLC www.montsame.mn

Representatives of JMC Projects India led by the company’s CEO & Managing Director Shailendra Kumar Tripathi visited Mongol Refinery State Owned LLC and became acquainted with the implementation of the Oil Refinery Project.
The construction of oil refinery will be consisted of four parts - engineering, procurement, and construction. In 2020, JMC Projects India has been selected as a general contractor in charge of the first phase of the oil refinery construction, specifically, the development of the refinery’s non-technological facilities and construction site infrastructure. The company will construct an administration building, warehouse, repair facility, fire safety, and first aid units, laboratory, and water supply system of the refinery which is planned to be commissioned in 2024.
At the meeting held during the visit, the sides exchanged information and views on the progress of the construction and issues that need to be resolved.
The oil refinery will consist of 12 main facilities, including seven facilities for processing oil. As of currently, agreements are being established with the selected US and Western European petrochemical concerns, reports Mongolia Refinery.
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The war of aggression against Ukraine and its implications www.eeas.europa.eu

Op-Ed by the Ambassadors of the European Union and its 27 Member States, and the Ambassadors of Norway and the United Kingdom.
24 February 2022 will be marked in history books as the day when Russia brought war back to Europe. Russia’s unprovoked and unjustified invasion of Ukraine grossly violates international law and the principles of the UN Charter and threatens world peace as well as European and global security and stability. It is inflicting unspeakable suffering on the Ukrainian population.
Russia has violated the sovereignty and territorial integrity of an independent State that did not pose any threat, and to which Russia had given guarantees of security in the 1994 Budapest Memorandum. Russia must immediately cease hostilities and withdraw its military from the territory of Ukraine. Such use of force and coercion has no place in the 21st century. This is not “Russia’s war against the West”; it is “President Putin’s war against international law and global peace”.
Words matter. This is called by Russia a Special military operation so that the military does not have to inform the families of fallen soldiers (though by now hundreds of mothers of soldiers know they lost a son in a senseless war). It is nothing but a premeditated invasion by Russia.
Russia, and its accomplice Belarus, bear full responsibility for this war of aggression and those responsible will be held to account for their crimes, including for indiscriminately targeting civilians and civilian objects. Cluster munitions and thermobaric weapons have been used by Russian forces against civilian population in violation of international law.
We commend the people of Ukraine for their courage in defending their country and our shared values of freedom and democracy. Just as Mongolia, Ukraine has chosen thirty years ago a path of democracy and open economy, and has every right to choose their own alliances. We will not leave them alone. The European Union and its Member States and partners will continue to provide coordinated political, financial, material and humanitarian support. We are committed to provide support for the reconstruction of a democratic Ukraine once the Russian onslaught has ceased. We are determined to increase even further our pressure on Russia and Belarus.
The Russian military aggression has created a humanitarian catastrophe resulting in the killing of civilians and in millions of displaced people and refugees. The European Union and its Member states and partners are providing humanitarian aid and civil protection assistance to all refugees from Ukraine including third country nationals. This is truly an all-European act of solidarity joined by members as well as non-members of the EU. Mongolian nationals themselves had to be evacuated in an emergency, with the help of the Government of Mongolia. We are committed to providing help to all those affected without discrimination.
We have adopted significant sanctions and remain ready to move quickly with further sanctions. Measures announced by the European Union have been very closely coordinated with partners and allies. Over forty countries have so far partially or completely aligned with our sanctions. This is testimony to the determination of the global community to reject this military aggression. The aim of the European Union sanctions is to undermine the capacity of President Putin’s regime to continue the war. Sanctions affect the Russian people, but they are not the target. This is a war decided by President Putin, not by the Russian people.
Stopping this aggression and addressing its negative impacts on security and the global economy requires a collective mobilisation as seen recently at the UN General Assembly. We are ready to work with Mongolia to sustain the international mobilisation to end this war.
Russia’s resorting to disinformation and gross manipulations of the facts is a weapon directed towards all of us. Mongolia is equally exposed. Its free and independent media has every possibility to provide the public with independently sourced information. Europe is mobilised to debunk Russian propaganda (EUvsDisinfo.eu).
The European Union is a responsible global actor and we will continue to engage actively with all countries/partners on issues such as the COVID pandemic, climate change, international connectivity, non-proliferation, crisis management, and other important bilateral and multilateral issues
The war of aggression that President Putin has started, will have an adverse impact on many countries in the world, particularly countries, like Mongolia, that are heavily dependent on imports of food, fertilisers and energy We are already coordinating our efforts with Mongolia’s authorities and businesses to avoid collateral damage of the war on the economy.
Let us be clear on one point: the negative impact on fuel prices, agricultural commodity prices, which we are seeing already, are the result from the Russian aggression and military activities on Ukrainian soil, not from European Union sanctions.
We call on Mongolia, as a respected member of the international community, a dedicated member of the United Nations for 60 years, and a full member of the Organisation for Security and Cooperation in Europe (OSCE), to join us in our calls for an immediate ceasefire as an essential precondition to establish humanitarian corridors. These corridors must be unconditionally and be respected from all sides.
Stop this war. Freedom will prevail. We stand with Ukraine.
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