Russia, Mongolia and China are accelerating work on creating a triangular economic corridor.
The First Deputy Prime Minister of Mongolia - Minister of Economy and Development of the country Zhdambin Ankhbiar said at the meeting of the Council of Heads of Government of the SCO countries in Dushanbe that Mongolia is ready to work together on the implementation of the Mongolian-Russian-Chinese Economic Corridor plan. At the same time, he placed special emphasis on the expansion of transportation networks, railways and roads, as well as large infrastructure projects that would connect the three countries.
The Mongolian-Russian-Chinese economic corridor project includes a connection between the territories of the three countries with stable transport links with the construction of a new road transport infrastructure, as well as a gas pipeline from Russia to China through Mongolia.
This project is the main way to involve the MPR in the richest Russian-Chinese economic interaction, which will become a powerful economic accelerator for Ulaanbaatar. At the same time, this will benefit the relations between Russia and China, and will reduce the cost of important infrastructure projects in the field of energy and cargo transportation, therefore spurring their implementation.
Mongolia occupies a special place in the modern system of relations between countries. It is defined by its proximity to only two countries - Russia and China, where both neighbors are great powers. In addition, the country has a little more than three million people and is completely inferior to its larger and larger neighbors in terms of economic potential and foreign policy influence.
After the end of the Cold War, the collapse of the Soviet Union and a radical change in the balance of political power in the world, Ulan Bator was forced to switch to a multi-vector approach, gradually increasing its influence in the world. Mongolia now seeks to actively participate in international relations, and bring its vision to the world agenda.