This agreement was signed on June 27, 2025, in Minsk and aims to simplify trade for a specific list of goods. It is expected that the volume of Russian exports subject to Mongolia's tariff commitments under this agreement in 2024 will amount to $2.3 billion.
According to the conclusion of the State Duma Committee on CIS Affairs and Eurasian Integration, the implementation of this agreement will enhance the competitiveness of Russian goods in the Mongolian market. Furthermore, it will create conditions for deepening trade and economic cooperation between the EAEU and Mongolia in areas such as customs cooperation, electronic commerce, as well as sanitary and phytosanitary measures and technical barriers to trade.
