Pyongyang, September 24 (KCNA) -- Mongolian President Tsakhiagiin Elbegdorj said on Tuesday that his country regards Russia and China as main economic partners.

Speaking at an institute in New York, the President said that Mongolia rich in natural resources is sandwiched by Russia and China, which is a good condition for boosting its competitive power.

Mongolia will remain on good terms with the two countries, he added.