Foreign Minister meets heads of EDB and Russneft

Ulaanbaatar /MONTSAME/ Minister for Foreign Affairs of Mongolia L.Bold October 20 held a meeting with a Chairman of Eurasian Development Bank's Management Board Igor Finogenov, during his working visit to the Russian Federation. At the meeting, the parts agreed to resume the cooperation that once they had negotiated but failed to keep alive. After that, Mr Bold had a meeting with the president of RussNeft public company M.Gutseriev to share views with him on issues regarding infrastructure, free trade zone and investments. Present at the meeting was also Sh.Altangerel, the Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation. The Eurasian Development Bank (EDB) is a regional development bank established by the Russian Federation and the Republic of Kazakhstan in January of 2006 to promote economic development and facilitate integration in Eurasia. The Bank currently has six member states, including Armenia, Belarus, Kyrgyzstan and Tajikistan. The EDB manages the Eurasian Economic Community's Anti-Crisis Fund totalling USD 8.513 billion.