Mongolian president to visit Russia

Mongolian President Tsakhiagiin Elbegdorj is arriving in Russia on an official visit on Monday.

Elbegdorj’s visit is taking place on President Dmitry Medvedev’s invitation. The Mongolian leader will stay in Russia until June 3.

The Russian president visited Mongolia in August 2009. The visit saw the signing of a strategic partnership declaration and a memorandum on railroad cooperation.

In 2003 and in 2010 Russia wrote off a vast part of Mongolia’s debts.

Several dozen Russian companies work in Mongolia. The two countries boasted a more than $1 billion trade in 2010.

Extraction of minerals and metallurgy are important cooperation directions.

MOSCOW, May 30 (RIA Novosti)

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