AKIPRESS.COM - Russian President Vladimir Putin commended Wednesday progressive development of relations between Russia and Mongolia and noted positive indicators of bilateral economic cooperation.

"The relations between our countries are developing are developing on the basis of previously reached agreements. In general, we are satisfied [with the progress]," Putin said at the Eastern Economic Forum at the talks with his Mongolian counterpart Khaltmaa Battulga.

Vladimir Putin also noted positive indicators of bilateral economic cooperation.

Mongolian President Khaltmaa Battulga for his part said Wednesday at the Eastern Economic Forum during talks with Russian President that Ulaanbaatar is planning to set up its trade office in the Russian Far East city of Vladivostok.

"As part of cooperation with the Far East regions of Russia we are planning to open our trade mission in the city of Vladivostok," Battulga said.