Putin promises infrastructure investment in Mongolia

ULAANBAATAR: Russian President Vladimir Putin has promised to help finance new infrastructure in Mongolia on a one-day visit this week, as the landlocked country looks to reduce its reliance on Beijing.

"Russia will never forget Mongolia's help and support when Russia was fighting against the Nazis," Putin said, joining in a celebration to mark the 80th anniversary of a battle fought by Mongolian and Russian soldiers against the invading Japanese army in 1939. Battulga said he planned to use the aid to build new railroads to the Chinese border to open one more channel for coal and mineral export.Battulga also stated that Mongolia hopes to build its own terminal in a Russian port to facilitate exporting its natural resources through Russia.

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