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International relations

Russia renews interest in Mongolia to counter Chinese influence

Rebuilding ties with former close ally crucial to Moscow's pivot to the east

Russian President Vladimir Putin, right, and Mongolian President Khaltmaagiin Battulga attend a welcoming ceremony ahead of their September talks in Ulaanbaatar.   © Reuters

MOSCOW -- Russia is rebuilding financial and military ties with Mongolia, partly to create new opportunities in Asia but also to counter Beijing's growing influence in the country.

A sign of this came in September, when Moscow announced it would set up a $1.5 billion investment fund to finance infrastructure projects in Mongolia

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