Putin promises infrastructure investment in Mongolia

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Russia' Vladimir Putin loans US$1.5 billion to finance Mongolia's infrastructure. FMTNews

Vladimir Putin says Russia will never forget Mongolia ‘s help and support when it was fighting against the Nazis.

Mongolia sits in a strategically important place between Russia and China, and its economy has been growing largely from mineral exports to its giant neighbour China. “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.

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