Categorie
Mongolia Russia

Mongolia’s new president won’t affect ties with Russia (Alexey Mikhalev, Artyom Lukin, East Asia Forum)

In June 2021, Ukhnaagiin Khurelsukh, the former chairman of the Mongolian People’s Party (MPP) and prime minister, became the sixth President of Mongolia. The run-up to the presidential election was turbulent even by the standards of modern Mongolian politics.

Mongolia’s new president won’t affect ties with Russia | East Asia Forum

 

Categorie
China Mongolia Russia

China and Russia step in to assist Mongolia with fuel shortage (Global Times)

Photo: CCTV

Photo: CCTV

China and Russia are exporting gasoline to Mongolia on an emergency basis to assist the country to cope an energy supply shortage.

China and Russia step in to assist Mongolia with fuel shortage – Global Times

Categorie
Mongolia

Beneficial ownership in Mongolia: A way forward (Michael Barron, Tim Law, Jake Hartnett, Batsugar Tsedendamba, Amar Adiya, and Ariuntsetseg Jigmeddorj, Brookings)

Beneficial ownership transparency (BOT) is important to build trust and confidence in the integrity of extractive industries, and indeed a country’s entire economy. Demands from international investors, finance providers, and citizens for increased transparency around the ultimate ownership and benefit derivation from extractive activities are growing. Meanwhile, more and more governments worldwide seek to clamp down on tax evasion, corruption and money laundering.

Mongolia, as it continues to compete with other countries to attract investment and financing to its mining sector, will need to meet the expectations of greater transparency in its extractives sector. It has already introduced the concept of beneficial ownership (BO) into its legislation as part of anti-money laundering laws. However, implementation is lacking, with many parts of the BOT process incomplete.

Beneficial ownership in Mongolia: A way forward (brookings.edu)