Mongolia is ready to increase beef export to Russia by up to 10 times, making plans to export nearly 110 thousand tons.

Currently, the country provides 10 to 11 thousand tons of beef to Russia per year.

If Mongolia can provide this amount of beef, it would be the of Russia's main beef providers. Mongolia exported such amounts of meat to Russia in the past, but exports were halted following a ban in response to the spread of infectious animal disease in Mongolia in 2010.

Russia believes that Mongolia's meat product exports will fill in the gap for high cost meat exports from Brazil and South America.  If Mongolia can provide 100,000 tons of meat to Russia, it would make up almost 15 to 20 percent of Russia's meat imports.

Latin American countries currently dominate 80 percent of Russia's meat market.