Relations between Russia and Mongolia have a long history based on a tradition of good neighbourliness, and are orientated towards further development in the spirit of strategic partnership. Mongolia has an enduring interest in Russian technology, and remains a place which cherishes and respects the Russian language and the culture and traditions of Russias peoples. Business relations between the two countries recognize the need to bring a new dynamic to bilateral collaboration and to realize the potential of trade and economic cooperation. Areas in which expanded collaboration shows obvious promise include energy, transit, developing border regions, and environmental conservation. Strengthening cooperation between Mongolia and the EAEU could prove to be a strong driver of growth in mutual trade and cross-border economic partnership. What decisions could provide a fresh boost to bilateral cooperation? In what sectors does cooperation between Russia and Mongolia show the most potential? How can effective collaboration between Russia and Mongolia be ensured in trade regulation, removing barriers to trade, and supporting the flow of goods and investment? What strategic proposals exist for developing bilateral relations?