But. just as in Eastern Europe. economic times in Mongolia are very tough and these hardships can threaten further reforms. The Soviets have significantly reduced aid to Mongolia. Soviet assistance was previously a primary means of budgetary support. The Soviets have also withdrawn the majority of their forces. eliminating yet another indirect subsidy to the Mongolian economy. Further. the Soviets are now requiring hard currency for trade with Mongolia. The Mongolians want to diversify and reduce their dependence on trade with the Soviets. In the course of the last year. Mongolia has signed a new port agreement with China and new investment agreements with Japan.
Keywords matched
Mongolians Mongolian