Deputy Prime Minister Nomtoibayar Nyamtaishir held an official meeting with Alexey Logvinovich Overchuk, the Deputy Prime Minister of the Russian Federation, on September 15.

At the meeting, Deputy Prime Minister Nomtoibayar emphasized that developing broad cooperation with Russia, a country with which Mongolia shares traditional, good neighborly, and friendly relations, is a top priority of the country’s foreign policy. He noted that the Government of Mongolia is actively working to strengthen the Comprehensive Strategic Partnership and expand bilateral cooperation.

He expressed his commitment to advancing the western and eastern vertical railway corridor projects, which were discussed by the heads of state of both countries during the meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO).

The railway will serve as a vital hub for regional trade, investment, and transport logistics. The parties exchanged views on establishing a trilateral working group tasked with coordinating the terms for railway investment and infrastructure development.

For his part, Russian Deputy Prime Minister Alexey Overchuk emphasized the importance of trade and the economic sector in expanding bilateral relations and cooperation across all fields and for building mutual trust.

Expressing appreciation for the recent intensification of political ties between the two countries, he stated that the implementation of the “Interim Free Trade Agreement” between Mongolia and the Eurasian Economic Union (EAEU) offers vast opportunities to elevate economic cooperation to a new level and increase trade turnover.

Consequently, they exchanged views on diversifying product types and ensuring a balanced trade framework within the scope of the interim agreement.

Published Date:2026-09-16