Mongolia ready to bypass Russia with railroad to Europe

Mongolian President Tsakhigiin Elbegdorj

Mongolian President Tsakhigiin Elbegdorj

Mongolia ready to bypass Russia: Mongolia is prepared to create a rail link between China and Europe bypassing Russia, its President Tsakhiagiin Elbegdorj told German Chancellor Angela Merkel during their meeting in Ulam Bator yesterday.”I would like to reach an agreement on this issue with Russia,” he said. Mongolia is a signatory to the Central Asia Regional Economic Cooperation (CAREC) organisation along with Russia, Azerbaijan, Afghanistan and Pakistan. Funded by the Asian Development Bank, the IMF, the World Bank and the EBRD, one of its principle tasks is to establish economic ties with the EU by increasing mutual trade turnover and developing land transport routes.

Source: Lenta