Russian Paralympians prepare for PyeongChang 2018 despite IPC suspensionSport March 24, 9:23
Senior Pentagon official calls for information strategy on RussiaWorld March 24, 8:42
South Korea warns North Korea may hold new nuclear test by end of MarchWorld March 24, 7:20
Russian-US experiment to simulate outer space mission named SIRIUSScience & Space March 24, 6:20
Russian research agency selects 10 bids in ‘Flying Car’ contestScience & Space March 24, 5:41
Belarus opens case into plotting riots, 26 suspects detainedWorld March 24, 4:30
Russia chooses new official Olympic kit brandSport March 24, 4:28
Police searching for another suspect in Russia’s ex-MP murder in KievWorld March 24, 2:45
Fourth victim of London attack dies in hospital — policeWorld March 24, 2:42
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.