This paper attempted to examine the changes in economic cooperation between Mongolia and China after the Russia-Ukraine War through literature analysis and to identify the cause. After Russia's invasion of Ukraine on February 24, 2022, Mongolia had di...
This paper attempted to examine the changes in economic cooperation between Mongolia and China after the Russia-Ukraine War through literature analysis and to identify the cause. After Russia's invasion of Ukraine on February 24, 2022, Mongolia had difficulty expanding its transportation and logistics network necessary to increase its exports due to difficulties in overseas investment due to Western economic sanctions against Russia. In addition, Mongolia cannot avoid economic losses due to the increase in the price of Russian products and the reduction of direct flights between Russia and Korea and Russia and Japan. To overcome these difficulties, Mongolia is strengthening cooperation with China, inducing exports of mineral resources and increased fiscal revenues. China is also helping Mongolia increase exports to China by supporting the establishment of social overhead capital and fostering manpower necessary to secure coal, copper mines, and iron ore essential to its economic security. However, China maintains a passive position because of its high initial investment costs and difficulties in securing stable industrial water in Mongolia in the development of lithium and rare earths and the construction of smelting and processing facilities that Mongolia wants. To overcome this, Mongolia began to promote cooperation with Korea and the United States for the development of lithium and rare earths.