Russia to decide on conceptual design of future soldier’s combat gear by year-endMilitary & Defense August 23, 13:09
Press review: Netanyahu in Russia to focus on Iran and NSA spies on Russian net usersPress Review August 23, 13:00
Netanyahu calls strengthening Iran’s positions in Syria a threat to entire worldWorld August 23, 12:52
Russia to use principally new solutions in 5th-generation submarine constructionMilitary & Defense August 23, 12:46
Russia’s ‘soldier of future’ combat gear proves its worth in SyriaMilitary & Defense August 23, 12:33
Monitoring center for southern Syrian de-escalation zone starts activities in AmmanWorld August 23, 12:03
Two frigates of 11356 project to be finalized for Indian NavyMilitary & Defense August 23, 12:00
Ratnik combat gear enters service, delivery to army beginsMilitary & Defense August 23, 11:16
Russian film director says Anna Karenina: Vronsky’s Story will contend for OscarSociety & Culture August 23, 10:36
ULAN BATOR, June 26 (Itar-Tass) - Foreign investors, including Russian ones, are hoping for an improvement of the investment environment in Mongolia after the presidential election, Russia’s ambassador Viktor Samoilenko told Itar-Tass in an interview.
“At the moment private Russian businesses are very cautious about the situation in Mongolia for a variety of reasons. Firstly, although Russia and Mongolia have an effective declaration on the development of strategic partnership there has been no real progress so far,” Samoilenko said. “Nobody will be eager to launch new projects before it becomes clear that the previously agreed plans are being implemented successfully.”
Samoilenko said that Mongolia in 2012 and 2013 adopted quite a few decisions that make foreign investors cautious. These decisions, aimed at putting them in a rather vulnerable position, concern not so much Russian businesses and Chinese and Western ones, he said.
The Russian ambassador believes that as a result of “ill-considered actions by the previous government and the current one” many Western companies have “suspended operations in Mongolia, frozen their activity or even left for good.”
Russian companies prefer to watch and wait for the time being.
Bilateral trade turnover between Mongolia and Russia in 2012 totaled 1.9 billion dollars. Samoilenko believes that this figure is not very impressive.
“There is a great imbalance. We sell to Mongolia a great deal more than we buy from it,” he said.