Hurelsukh made the remarks when meeting with a visiting Russian delegation led by Trade and Industry Minister Denis Manturov.

"Mongolia is interested in diversifying its export products to Russia," the prime minister told his Russian guests. "In particular, we want to increase the export of meat and meat products," he added.

In this regard, he called on the Russian side to cooperate with Mongolia on a project called "Wool" and set up a joint meat processing plant that meets Russia's requirements and standards.

Manturov, for his part, said the Russian government is willing to import highly demanded goods from Mongolia, build an aircraft assembly plant as well as a leather and hide processing facility.

Moreover, Russia plans to export agricultural equipment and helicopters to Mongolia, Manturov said. The country will also take part in the renovation and extension works of the Mongolia's 3rd Thermal Power Plant and the Ulan Bator Railway, as well as the construction of a highway, according to Manturov.

The Russian delegation arrived here Thursday to attend the "Mongolia-Russia Initiative 2018," an event aimed at strengthening bilateral ties and cooperation.