Contemporary Peculiarities and Prospects for the Development of Russian Foreign Trade Cooperation with Mongolia

Russia attaches great importance to the development of cooperation with the Asia-Pacific region, which is one of the centers of world economic development. These countries include Mongolia. Russian-Mongolian relations are based on a long-term history of good neighborly relations and traditionally have a multidimensional nature. The article discusses the main aspects of Russian-Mongolian foreign trade relations based on the analysis of the dynamics of foreign trade turnover in bilateral trade and commodity structure. Currently, there is a decline in foreign trade cooperation between the countries. The article also touches upon the monostructural nature of trade between the two countries, which is very vulnerable. The national interests of Russia and Mongolia in the Russia - Mongolia - China triangle are acquiring special relevance and importance in modern conditions. The intensification of trade, economic and investment relations between Russia and Mongolia is possible through the implementation of joint projects in the mining and processing industries, modernization of infrastructure and development of tourism.