1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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South Korean company to build combined heat and power plant in Mongolia www.akipress.com

Energy development company KM Infrastructure Corporation, invested by South Korea and Mongolia, signed an agreement to build a waste recycling plant in Ulaanbaatar, South Korean media reported.
KM Infrastructure Corporation signed an official agreement on selling electric energy with State National Center for Energy Management under the Ministry of Energy of Mongolia on August 31.
The current government is the first government of Mongolia, which allowed to construct a private combined heat and power plant in the center of Ulaanbaatar and direct purchase of produced energy.
The capacity of the prospective plant will make 15.4 MW. It will provide energy for 390,000 houses in Ulaanbaatar.
Two waste burning plants with capacity of 300 tons are also planned to be built. The plant's energy efficiency will be increased by producing only electric energy.
The government of Mongolia announced that the energy from KM Infrastructure Corporation will be bought for 25 years.
The construction of thermoelectric power station will begin in April 2023 in Ulaanbaatar in the territory of 40,000 square meters, and will end by the second half of 2025. The total cost of the project reaches $100 million.
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Workshop Bolsters Mongolian Sanctions Compliance and Nonproliferation Efforts www.mn.usembassy.gov

Experts from the Wisconsin Project on Nuclear Arms Control delivered a workshop September 22-23 for over 40 government, law enforcement, and industry representatives in use of the Risk Report database, the leading source of unclassified information on companies around the world linked to the proliferation of weapons of mass destruction and related sanctions evasion.
The Wisconsin Project is a United States-based nonprofit organization that conducts research and public education aimed at inhibiting strategic trade from contributing to the proliferation of weapons of mass destruction. Sponsored by U.S. Department of State Bureau of International Security and Nonproliferation (ISN) Export Control and Related Border Security (EXBS) program and organized in collaboration with the National Counter Terrorism Council of Mongolia, the training helps strengthen Mongolian public and private sector capacity to screen, detect, and investigate suspected export control or sanctions violations and bolster international sanctions compliance.
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Elixir Energy coal bed methane pilot project in Mongolia on track; first well complete and a second on its way www.proactiveinvestors.com.au

Elixir Energy Ltd (ASX:EXR) says its coal bed methane (CBM) extended pilot project in Mongolia, part of the 100%-owned Nomgon-9 CBM production sharing contract, is underway with the first well drilled and completed.
The well in the country's south was drilled to a total depth of 488 metres in 11 days, which is a record time for Elixir, and the exercise was conducted safely and to budget.
Roughly 55 metres of coal were logged over the primary target '100 series coal' and a perforated liner installed over this section.
Second pilot well
The rig is now moving to the location for the second and final pilot well, Nomgon-8, which is due to spud later this week.
Following the completion of Nomgon-8, down-hole pumps will be installed in both wells together with production skids, pipework and a flare.
The project is on track to start pumping operations at the two pilot wells in around a month.
Baseline environmental monitoring
The company has also initiated a baseline environmental monitoring program in the immediate region surrounding the pilot area, which is over and above the relevant regulatory requirements.
This is the first time such a program has been undertaken in the Gobi region.
Elixir managing director Neil Young said: “We are pleased to report that our pilot production program is on track with the successful drilling and completion of Nomgon-9.
“I congratulate our drilling contractor Major Drilling and our own on-site team who have worked tirelessly to deliver a quick, safe and fit-for-purpose pilot well.
“We look forward to moving into the pilot production phase, and although the timing and quantums of water and gas flows from the wells is uncertain in such a new area, we could see meaningful gas breakthroughs by as early as Christmas.”
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Chinese yuan: Currency hits record lows against US dollar www.bbc.com

China's yuan has hit fresh record lows against the surging US dollar.
The internationally-traded yuan fell to its lowest level since data first became available in 2011.
China's domestic currency also reached its weakest point since the 2008 global financial crisis.
It comes as the dollar continues to rise in value against other major currencies, after the US central bank increased interest rates again earlier this month.
Meanwhile on Wednesday, major stock market indexes across Asia fell sharply.
Hong Kong's Hang Seng index closed 3.4% lower, Japan's benchmark Nikkei index closed 1.5% lower and the Kospi in South Korea ended the day down by 2.4%.
Many investors see the dollar as a safe place to put their money in times of trouble.
That has helped to drive up its value against other currencies, including the British pound - which hit an all-time low against the dollar on Monday.
Also on Wednesday, the dollar reached a fresh 20-year high against a closely-watched group of leading global currencies.
The yuan's slide is yet another example of a currency weakening as a result of the strong dollar.
It is also about the very different paths China and the United States are taking in response to economic issues at home.
The PBOC has been easing interest rates to revive growth in an economy ravaged by Covid lockdowns, while the US Federal Reserve is moving aggressively in the opposite direction as it tries to control inflation.
Such a divergence is not wholly problematic, Joseph Capurso, head of international and sustainable economics at the Commonwealth Bank of Australia told the BBC.
The fall in the currency's value can actually be helpful for exporters within China, he said, because it would make their goods cheaper and so could increase demand.
That said, exports only make up 20% of the Chinese economy these days, so a weak yuan will not turn around fundamental weakness domestically largely caused by Beijing's zero-Covid strategy and a property crisis, said Mr Capurso.
A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist Party Congress coming up next month.
The yuan's fall has caused weakness in other currencies of developed economies in the region, including the Australian and Singapore dollar as well as the South Korean won.
Last week, the Bank of Japan intervened to support the yen for the first time since 1998, after the currency weakened against the dollar.
Asia's emerging markets are vulnerable too - as they sell raw materials and components to China's factories and so have increasingly become dependent on the yuan.
Washington has in the past accused China of intentionally devaluing its currency to keep exports cheap and imports from the US expensive.
While the strong dollar has rattled world markets, it is unlikely to deter the Fed from continuing to raise rates.
"The strong dollar is working for the US market," Dimitri Zabelin at the London School of Economics' foreign policy think-tank said.
"It will be a consideration but it will not weigh as heavy as domestic concern about inflation."
China's central bank has been trying to slow the yuan's slide by making it more expensive to bet against the currency. The People's Bank of China (PBOC) also cut how much foreign currency banks have to hold.
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Copper production to show “strong and consistent” growth for next decade www.mining.com

A new study by Fitch Solutions Country Risk and Industry Research forecasts 7.3 million tonnes will be added to global copper production through 2031 as a raft of projects in Chile, China and Congo come online.
Fitch expects global copper mine production to increase by an average annual rate of 3.2% over 2022–2031, with annual output rising from 21.9mnt in 2022 to 29.2mnt by 2031 boosted by elevated copper prices and a positive demand outlook.
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Chile
The market researcher says top producer Chile will show a slight decline in the short term due to ongoing drought affecting mines such as Anglo American’s Los Bronces and Antofagasta’s Los Pelambres operations, labour action at state-owned Codelco and unforeseen maintenance at Vale’s mines.
However, longer term the country, which is responsible for a quarter of global production, will experience strong growth led by large scale miners. BHP is adding substantially to Escondida’s output following the end of covid restrictions, Teck Resources’ Quebrada Blanca Phase 2 project is expected to complete construction around the end of 2022, while Codelco is undertaking a $1.6 billion project to overhaul its Salvadore mine and add 47 years to its mine life.
“Downside risks to long-term production stem from the possibility of a mining sector tax, which President Gabriel Boric is pursuing. Nevertheless, given significant opposition in Congress to the original proposals, we expect the impact on output to be limited,” says Fitch.
China
Fitch expects Chinese copper mine production growth to slow sharply from an average growth rate of 6.9% over the past decade to 1.0% through 2031 due to the shutdown of low grade mines and delayed capacity expansions.
Ramp ups at new projects, including Yunnan Copper’s Pulang mine and Zijin Mining’s Qulong complex will offset declines elsewhere.
Peru
Fitch expects Peruvian output growth to slow dramatically in the near term from its earlier estimates due to community protests affecting key mines including MMG’s Las Bambas and Southern Copper Corp’s Cuajone mines. The authors of the report do not anticipate that annual production will reach pre-covid levels until 2024.
China will play an increasingly important role in Peru’s copper sector, says Fitch, pointing to the country’s Ministry of Energy and Mines forecast of a total of $10.2 billion to be invested by Chinese firms in five mining projects over the next 10 years.
DRC
The Democratic Republic of the Congo, thanks mainly to Ivanhoe Mines and Zijin Mining’s giant Kamoa-Kakula mine expansion, will exceed annual production of 2 million tonnes for the first time next year and reach nearly 3 million tonnes in 2031.
Glencore’s restart of the Mutanda copper-cobalt mine and China Minmetals’ Deziwa project, held with state-owned Gecamines will further add to the central African nation’s strong growth.
Price slump
The copper price has been in retreat since hitting all-time highs in March and was last trading at $3.28 a pound ($7,230 a tonne) in New York, a 10-week low.
Fitch expects prices to average $8,400 a tonne in 2023 and $11,500 a tonne by 2031 as a long-term structural deficit emerges due to the very strong long-term demand outlook.
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Making a difference to the future of snow leopards in Mongolia: achievements so far www.ptes.org

We have a longstanding partnership with Snow Leopard Conservation Foundation (SLCF), led by Bayara Agvaantseren, to protect snow leopards in the Tost Nature Reserve, South Gobi, Mongolia.
We’re pleased to report some considerable achievements. We believe this partnership is making a real tangible difference to the future of snow leopards in Mongolia, and so, we’re committing a further £100,000 for another five-year investment. The last five years have seen the following:
1. Tost Nature Reserve administration and capacity building
The headquarters formally opened in October 2020 with eight staff, fully equipped with computers and office furniture. Training sessions have since taken place from the HQ and the team have been working hard to complete the plan to send to the South Gobi government.
2. Monitoring and patrolling Tost Nature Reserve
Seven Tost community rangers patrol the reserve twice a month, looking for any violations (such as illegal hunting and mining), and recording wildlife sightings/other important data. The community rangers were also provided with handheld GPS units and new binoculars, crucial to their monitoring and patrolling work.
3. Tost snow leopards
Thanks to the protected status of the Tost Nature Reserve, snow leopards that range here are much safer. Since 2009, SLCF and Snow Leopard Trust have been using camera traps to conduct annual snow leopard population surveys. The good news from the 2019-20 surveys is that the Tost population appears to be stable. This data is also contributing to the global snow leopard estimate called PAWS (Population of the World’s Snow Leopards).
4. Surveying Tost for archaeological sites
Responsible eco-tourism is a key component of the Tost 2021-25 Management Plan. Wildlife viewing may not be the only draw for tourism, as Tost is also a key archeological site.
5. Completion of signage in the Tost Nature Reserve
An extensive signage project was completed in Autumn 2021 to alert the public about the Reserve’s rules and regulations. Over 65 signs were placed in strategic locations, in addition to dozens of reserve boundary posts that were added to the borders.
6. Snow Leopard Day in Gurvantes
In 2013, October 23rd was officially declared International Snow Leopard Day. Tost Nature Reserve marked the Day in 2021 by running many activities promoting snow leopard protection.
Investing in the future of snow leopards
With support from PTES, SLCF has secured Tost as an 8,965 km2 federally protected area that is free of mining threats and with a governing administration and headquarters.
We’ve invested £100,000 in the conservation of snow leopards and now, thanks to the already impressive achievements of PTES Conservation Partner Bayara Agvaantseren and her team, we’re committing a further £100,000 to continue this vital conservation.
Over the next five years, we’ll support and strengthen the reserve’s management team. Regular patrolling is vital to keep the reserve free from illegal mining and poaching. Together, we can help protect the incredible snow leopard from extinction.
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Inner Mongolia launches fast custom clearance channel for cross-border train, boosting China-Mongolia trade www.globaltimes.cn

A cargo train loaded with more than 3,000 tons of architectural materials and general goods departed on Tuesday from Ulanqab city, North China's Inner Mongolia Autonomous Region and will head to Ulan Bator, the capital of Mongolia, marking the first China-Mongolia cargo train since the launch of a new "railway express" service featuring rapid customs clearance, according to a statement that Customs of Jining in Ualnqab city sent to the Global Times on Tuesday. It comes as China and Mongolia aim to ramp up transportation capacity and boost trade.
China and Mongolia's bilateral trade has seen significant growth, and it accounted for more than 60 percent of Mongolia's total foreign trade volume in the first half of the year. The two countries want to increase the transportation capacity of the cross-border train services to cater to the growing trade activities.
The railway express service uses digital and paperless administration, allowing customs to conduct inspections of the cargo goods online while simplifying the application procedures.
The system can cut the customs clearance process by 24 hours and save more than 200 yuan ($28) per container, Jining Customs said.
"After we opened the first railway express outbound train in the autonomous region, the logistics time was further shortened and the cost was further reduced. Our customers said that they all want to use the new service to get their goods delivered more quickly," said Wang Shengyuan, the general manager of a trade company in Ulanqab.
"It is one of our important tasks to implement the measures to promote foreign trade and to ensure the smooth operation of the railway express train," said Bao Huiquan, head of Jining Customs.
To this end, Jining Customs has established a special guarantee team to work 24 hours a day and seven days a week for custom clearance, while cooperating with port customs to sort out and refine regulations for the new business model, Bao said.
Hohhot Customs will continue to improve the railway customs clearance, explore and expand the applicable coverage of the railway express and promote efficient international logistics in the central and western regions, it said.
 
 
 
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Foreign Ministries of Mongolia and China hold consular consultation meeting www.montsame.mn

Twenty second consular consultation meeting between the Ministries of Foreign Affairs of Mongolia and the People’s Republic of China was held online on September 27, 2022. The meeting was co-chaired by Mr. Bold Bat-Ochir, Director of the Consular Department of the Ministry of Foreign Affairs of Mongolia and by Ms. Wu Xi, Director of the Department of Consular Affairs of the Ministry of Foreign Affairs of the People’s Republic of China.
During the meeting the two sides exchanged views on bilateral consular issues such as the facilitation of travel between Mongolia and China by citizens of both sides, protection of the rights of citizens and as well as other bilateral issues.
Source: mfa.gov.mn
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Rio Tinto earmarks $55 million for underground development at Kennecott www.mining.com

Mining giant Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) says it’s investing $55 million to start underground mining and expand production at its Kennecott copper operations near Salt Lake City, Utah.
The move will add 30,000 tonnes of copper production from early 2023 to 2027, alongside the site’s open pit operations, the company said in a news release. The open pit produced 159,400 tonnes of copper last year.
The new underground ore will come from the mine’s Lower Commercial skarn, which has a measured resource of 200,000 tonnes at 2.52% copper, 1.27 grams gold per tonne, 10.56 grams silver per tonne and 0.056% molybdenum, Rio Tinto said.
Rio Tinto Copper chief executive officer Bold Baatar said the investment would help the miner build knowledge and capabilities as it evaluates larger scale underground mining at Kennecott.
“We are progressing a range of options for a significant resource that is yet to be developed at Kennecott, which could extend our supply of copper and other critical materials needed for electric vehicles and renewable power technologies,” the CEO said in the news release.
The company said it expects to complete a feasibility study in 2023 on the next phase of underground production, while other feasibility studies are underway to extend open pit mining at Kennecott beyond 2032.
Rio Tinto is testing battery-powered electric vehicles at the underground site to cut carbon emissions, improve employee health and increase productivity, the company said.
“Trialling underground battery electric vehicles is an exciting step in our work,” Baatar said. “We look forward to seeing their potential for deployment.”
Rio Tinto boosted the Kennecott operation in 2019 by committing $1.5 billion in investments over six years. It aims to produce almost 1 million tonnes of refined copper between 2026 and 2032. The company acquired Kennecott in 1989. It had begun in 1903 as the Bingham Canyon mine and has been called the largest ever man-made excavation.
The open pit operation’s measured resources as of the end of 2020 were 128 million tonnes of 0.46% copper, 0.24 gram gold per tonne, 2.12 grams silver and 0.02% molybdenum (0.65% copper equivalent).
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'We are not afraid': Russians flee to Mongolia to evade Ukraine mobilisation www.reuters.com

ULAANBAATAR, Sept 27 (Reuters) - Thousands of Russians have fled into Mongolia across its northern frontier in a bid to evade conscription to Ukraine, putting further pressure on the government in Ulaanbaatar and its efforts to distance itself from the conflict.
Russians were forced to queue for hours at the border crossing at Kyakhta in the ethnic Mongol province of Buryatia, but said they had little choice after President Vladimir Putin announced a "partial mobilisation" of 300,000 soldiers aimed at repelling a counter-offensive in Russian occupied Ukraine.
"My country has started partial mobilisation and I think it is negatively affecting society," said one. "We waited a very long time at the Russian side of the border: about 16 hours."
Suren Bat-Tur, the owner of a guesthouse in the capital Ulaanbaatar that normally caters for backpackers, has also been helping his friends in Buryatia to escape the draft.
The guesthouse has filled up with Russians since Putin's mobilisation order, and Bat-Tur said he has already turned away dozens of requests for beds.
"I wanted to help them, it has been very difficult," said Bat-Tur. "Now they are looking for work in construction or agriculture so they have something to do while they are here."
One newly-arrived guest, who identified himself as Aleksey, said he crossed into Mongolia last weekend, leaving behind his wife and three children. He arrived at the border late at night on a tourist bus packed with other young Russians.
"There were a lot of young people, a lot of people trying to get away from Putin," he said.
Aleksey, 40, a construction worker, plans to stay in Mongolia until the situation in Russia improves, and said he would do whatever it takes to avoid the war.
"We are not afraid, but why do we have to fight in Ukraine, why?” he asked. "If other countries would attack Russia, we would fight for our country. But why are we going to Ukraine? For what?"
Though Mongolian citizens have demonstrated against Russia's invasion, the government itself has remained steadfastly neutral.
Almost entirely dependent on Russian oil and gas, landlocked Mongolia also stands to gain from a gas pipeline that Russia plans to build across its territory to supply China. read more
Last month Mongolian President Ukhnaa Khurelsukh met with Putin and Chinese President Xi Jinping in Samarkand to discuss plans for the pipeline, expected to begin construction within two years.
Last week, former President Tsakhia Elbegdorj urged Putin to end the conflict, adding that ethnic Mongolians in Russia have been used as "cannon fodder" and killed in their thousands in Ukraine.
"Since you (Putin) started this war, Russia has been drowned in fears, full of tears. Your mobilization brings oceans of suffering. Mr. President, stop your senseless killings and destruction," he said in an address shared on social media.
Reporting by Michael Kohn in Ulaanbaatar; Editing by David Stanway and Michael Perry
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