The treaty was submitted to the State Duma of the Russian Federation for ratification on June 8. Earlier, on May 29, the Government of Russia discussed the draft bill on ratification of the treaty and presented its decision to the President Vladimir Putin and set to submit it to the State Duma.

The Parliament of Mongolia adopted a bill on ratifying the Treaty on Friendly Relations and Comprehensive Strategic Partnership between Mongolia and the Russian Federation on November 29, 2019 and the treaty will come into force on the day the sides exchange letters of ratification.

The treaty is an international agreement that respects Mongolia's independence, sovereignty, security, territorial integrity, inviolability of borders and human rights. According to the treaty, the two sides agreed to expand the traditional and good-neighborly friendly relations established between the two countries in the framework of a comprehensive strategic partnership in all fields, including politics, economy, trade, business, infrastructure and humanity.

During the state visit of the President of Mongolia P.Ochirbat to Russia in 1993, the parties established a treaty on friendly relations and cooperation, taking bilateral relations and cooperation to a new level. Later in 2009, the treaty was renewed by the two countries with a declaration of Strategic Partnership in the course of the state visit of President Dmitry Medvedev to Mongolia.