An agreement on granting a loan of 300 million US dollars to Mongolia has been established between the Development Bank of Mongolia and the VTB Bank of Russia.
This loan is projected to be exploited for Mongolian importers of petroleum products from Russia and for financing of Mongolian entities.
In addition, the loan with a 36-month term could be taken in several parts in connection with a size of oil import of Mongolia. By doing so, the petroleum importers will be provided with a sustainable financing source, therefore the currency flow to the payment of monthly oil products can be prolonged.