On Monday, Putin arrived in Mongolia for an official visit, during which he is anticipated to participate in celebrations marking the 85th anniversary of the joint victory of Soviet and Mongolian armed forces at the Khalkh River.
"Indeed, relations between Russia and Mongolia are developing in all directions," Putin said at a meeting with Mongolian President Ukhnaagiin Khurelsukh.
Putin underscored the effective work in humanitarian areas, in particular in the field of education.
"Today, during the course of our work, we will certainly return to the main areas of our cooperation in the economy," Putin noted.
Russia and Mongolia contribute to Asia's security by cooperating along military-technical lines, as well as countering terrorism, Putin said.
"When considering issues of military-technical and anti-terrorist cooperation, it was noted that Russian-Mongolian cooperation in these areas contributes to ensuring security in Asia," Putin said after talks with Mongolian President Ukhnaagiin Khurelsukh.
Moscow is open to implementing peaceful nuclear energy projects with the East Asian country, Putin said.
"We are also open to implementing joint peaceful nuclear energy projects based on the most modern Russian technologies, including the use of small-module reactors," Putin told reporters following the talks with Mongolian President Ukhnaagiin Khurelsukh.
Russia sees prospects for cooperation with Mongolia in the gas sector, President Putin said.
"We see good prospects for cooperation in the gas sector," Putin said after talks with his Mongolian counterpart, adding that the possibility of Russian gas supplies to Mongolian consumers is under consideration.
Russia has consistently responded to Mongolia's requests to meet its growing demand for fuel and lubricants, including on preferential terms, the president said, adding that Russia will also continue to supply Mongolia with electricity.
"Our country has long and reliably provided the Mongolian economy with the energy resources it needs. Thus, last year, 90% of gasoline and diesel fuel entered the Mongolian market from Russia," he added.
Russian President Vladimir Putin said on Tuesday that he had exchanged views on current international and regional issues at talks with Mongolian President Ukhnaagiin Khurelsukh.
Moscow and Ulaanbaatar have paid special attention to advancing trade and investment ties during the talks in the Mongolian capital, Putin added.
"Special attention was paid to building up mutually beneficial trade and investment ties. Russia is one of Mongolia's main foreign economic partners," Putin said after talks with Mongolian President Ukhnaagiin Khurelsukh.
Commercial settlements between Russia and Mongolia are almost entirely carried out in currencies other than the dollar and euro, the president added.
In turn, the President of Mongolia thanked Putin for the visit, which coincides with a year of significant celebrations for both nations. This year marks the 85th anniversary of their joint victory at the Khalkhin Gol River and the 50th anniversary of the founding of Erdenet.