A meeting was held today between D.Terbishdagva, the First Deputy Prime Minister, and the Chairman of the Mongolian side of the Mongolian-Russian Intergovernmental Commission and B.B.Samoilenko, Ambassador extraordinary and plenipotentiary from Russia to Mongolia. They met just before the Intergovernmental XIV Commission meeting on Trade, Economy, Science and Technical cooperation between two countries. D.Terbishdagva and B.B.Samoilenko, discussed the preparation work for the coming Intergovernmental XIV Commission meeting, to be held in Ulaanbaatar on 19-22 December, and shared their opinions. The two countries are focusing on bilateral cooperation, especially trade and economic targets during the Intergovernmental XIV Commission meeting.

During the meeting D.Terbishdagva, the First Deputy Prime Minister stated that Erdenet Factory, the Mongolian-Russian JV Mongolrostsvetmet company and the Ulaanbaatar Railway JSC JVs play an important role for bilateral cooperation between the two countries and noted the importance of Russian investment to increase benefits from these JV Enterprises.

Mongolia imports 100 percent of fuel from Russia. But the Ministry of Energy estimated that the Russian oil giant Rosneft`s imported fuel price to Mongolia is 200-300 US dollars different than other countries.

During the Intergovernmental XIV Commission meeting the First Deputy Prime Minister hopes to stabilize imported fuel prices in Mongolia at an international level as both countries, who are members of World Trade Organization, have long traditional bilateral relations between each other.