DEVELOPMENT BANK OF MONGOLIA AND SBERBANK OF RUSSIA SIGN MoU

On the sidelines of his official visit to the Russian Federation, Speaker M.Enkhbold handed Mongolian State Order – the Polar Star – to the leaders of the Moscow Power Engineering Institute on December 14.

The Russian institute has been awarded with the Polar Star order pursuant to a decree of the Mongolian President Ts.Elbegdorj, in recognition of its valuable contribution to training professional cadres for the Mongolian energy sector.

More than 300 Mongolians have graduated from the MPEI, some 20 of whom defended academic degrees and 150 received postgraduate training.

For this reason, the Polar Star order is being bestowed for the MPEI on occasion of the 95th jubilee of establishing diplomatic ties with Russia, explained Mr Enkhbold.

On the same day, the Development Bank of Mongolia and the SberBank of Russia inked a Memorandum of Understanding. The document was signed by B.Batbayar, the DB director, and A.Ivanov, Director of SberBank.

The Chairman of the State Great Khural, Mr M.Enkhbold is to meet V.A.Vasiliev, the Deputy Chairman of the State Duma and head of the United Russia faction in the State Duma, V.V.Volodin, Chairman of the State Duma, and V.I.Matviyenko, Chairwoman of the Federal Council. 

Source:http://en.montsame.mn/politics/development-bank-mongolia-and-sberbank-russia-sign-mou