Import and export of goods with Mongolia — a bilingual EN/RU contract in 5 minutes. CISG since 1997, settlements in USD or MNT, a direct border with Russia
Choose contract type →Four contract types — for any deal structure with a Mongolian partner
Import copper, coal, cashmere, wool, and meat from Mongolia.
Export petroleum products, metals, machinery, electrical equipment, and food products to Mongolia.
Contract for services from Mongolian companies: mining, tourism.
Contract for services for Mongolian clients: energy, rail, IT.
Key terms to reflect in the contract
Mongolia ratified the CISG in 1997. The Convention applies automatically to international commercial transactions.
CISG · 1997Mongolia borders Russia. There is a direct rail link via the Naushki–Sükhbaatar border crossing (Trans-Siberian Railway). Transit time to Ulaanbaatar is 3–4 days.
Rail · Naushki–SükhbaatarMNT (tugrik) is used for domestic settlements. International contracts are denominated in USD. SWIFT via Golomt Bank, Khan Bank, Trade and Development Bank.
USD/MNT · settlementsA Russian resident is required to repatriate proceeds within the deadlines set in the contract. For amounts from 3 million RUB, a unique registration number (UNK) is issued.
173-FZ · repatriationAnswers to the most common questions
Mongolia is Russia's neighbor and a strategically important trade partner. The country is critically dependent on Russian fuel and exports mining products (coal, copper, cashmere).
The contract should state the State Registration Number (SRN), the full company name, and address. Verification is done via burtgel.gov.mn.
Mongolia ratified the CISG in 1997. For dispute resolution, the ICAC under the Russian Chamber of Commerce and Industry or the Mongolian International Arbitration Centre (MIAC) is recommended.
Direct rail service via the Trans-Siberian Railway (Naushki–Sükhbaatar border crossing). Transit from Ulan-Ude to Ulaanbaatar takes 3–4 days. The road border crossing is Kyakhta–Altanbulag.
Mongolia imports about 90% of its petroleum products from Russia. This makes Russia a key supplier and provides a basis for long-term contracts.