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Russian PM expects State Duma to ratify EAEU trade agreement with Mongolia soon

According to Mikhail Mishustin, the range of products from Mongolia for Russian citizens will expand

MOSCOW, November 20. /TASS/. The Russian government is submitting the trade agreement between the Eurasian Economic Union (EAEU) and Mongolia for ratification and expects it to be quickly ratified by the State Duma, the lower house of parliament, Prime Minister Mikhail Mishustin said at a cabinet meeting.

"The document covers nearly 370 items. Duties on them will be either eliminated or reduced on each side. Russian exporters will receive preferences when supplying their goods to the Mongolian market. The range of products from Mongolia for our citizens will expand," Mishustin said.

"I expect that the draft federal law will be quickly reviewed by the State Duma and will enter into force after ratification by all member states," Mishustin concluded.

After a meeting of the Supreme Eurasian Economic Council on May 8, 2024, it was decided to conclude an interim trade agreement with Mongolia, under which duties in mutual trade will be eliminated or reduced on a limited range of goods. Negotiations on the terms of the agreement were successfully concluded in May of 2025.

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Mongolia Mikhail Mishustin

FACTBOX: What is known about EU summit’s ruling on Russian assets

Ukraine's funding will be provided from the EU budget in the amount of 90 billion euros, EC President Ursula von der Leyen said

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It will begin at noon Moscow time on Friday

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Special EU decision now needed to unblock frozen Russian assets — von der Leyen

The qualified majority implies that 16 out of the 27 EU member countries, home to over 55% population of the European Union, need to support the move

Whole world, save for Europe, condemns US actions in Caribbean — Lavrov

The Russian foreign minister underscored that "all other countries have clearly expressed their positions"

Russia-UK relations head south after Putin's Munich speech in 2007 — foreign intel chief

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EU elites put stake on anti-Russian policy — Russian intelligence chief

Sergey Naryshkin noted that leaders of certain European countries are "in a dangerous situation"

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FACTBOX: What is known about EU summit’s ruling on Russian assets

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FACTBOX: S-500 Anti-Aircraft Missile System

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UK introduced sanctions against Russian oil producers

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US relations thaw proving difficult — Russian diplomat

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West can simply steal countries’ gold and foreign exchange reserves — Lukashenko

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EU to issue 90 billion euro in interest-free loan to Kiev — Merz

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