"A very difficult crisis between Russia and Ukraine that began on 24 February (2022) has become one of the most pressing geopolitical challenges for the world. This is a blow to the economies of countries that have just begun recovering from the two-year (COVID-19) pandemic and to the positive outlook of the world's banking and financial institutions on economic growth. Now, we are also facing the challenge of how to grow the Mongolian economy in these difficult times – but we are optimistic."