AKIPRESS.COM - The Russian and Mongolian Foreign Ministries signed a medium-term strategic partnership program during the official visit of Russian Foreign Minister Sergei Lavrov to Ulaanbaatar.

Noting that strategic partnership relations are actively developing and the frequency of high-level talks is stabilizing, the Mongolian and Russian Foreign Ministers shared views on current regional and global problems and discussed key issues of bilateral cooperation in various multilateral formats, reports The UB Post.

Minister Lavrov said that the program agreement is comprehensive and geared to overcome issues concerning bilateral economic ties that have gone unresolved in recent years, to further expand cooperation in the political, trade, economic, humanitarian, and international spheres.

Prime Minister Chimed Saikhanbileg also met with Minister Sergei Lavrov. Emphasizing that Mongolia-Russia relations in trade and economy have advanced in the past two years, Chimed Saikhanbileg thanked Russia for its support and contributions to the relations of two countries.

“Now we have no legal obstacles to resume credit relations between Russia and Mongolia, such a possibility is currently under discussion,” Lavrov said when asked about the possibility of Russia providing loans to Mongolia.

Earlier this year, Russia ratified a law to write off Mongolia’s US$174 million debt to Russia. The debt was a major obstacle for establishing deeper cooperation between the two countries.

This is Foreign Minister Lavrov's second visit to Mongolia amid preparations of the two countries to mark the 95th anniversary of diplomatic relations.