Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Ex-Mongolian prime minister Khurelsukh wins presidential election in landslide

Published 09/06/2021, 18:13
Updated 10/06/2021, 04:35
© Reuters. FILE PHOTO: Ukhnaa Khurelsukh, presidential candidate of the Mongolian People's Party, attends a campaign rally ahead of the presidential election, in Ulaanbaatar, Mongolia June 5, 2021. Picture taken June 5, 2021. REUTERS/B. Rentsendorj

By Anand Tumurtogoo

ULAANBAATAR (Reuters) -Former Mongolian Prime Minister Ukhnaa Khurelsukh became the country's sixth democratically elected president on Wednesday, further consolidating the power of the ruling Mongolian People's Party (MPP) with a landslide victory.

Khurelsukh, who was forced to resign as prime minister after protests earlier this year, comfortably defeated Sodnomzundui Erdene of the opposition Democratic Party and Dangaasuren Enkhbat of the Right Person Electorate Coalition in a national vote, the General Election Committee said.

With 99.7% of votes counted overnight, Khurelsukh's tally had reached 821,136, or 68% of the total, the largest share of the vote since the democratic era began in 1990. Enkhbat came second with 242,805 votes, or 20.1%, while Erdene trailed in third place, with 72,569 votes, 6% of the total.

Despite the scale of Khurelsukh's victory, there were few signs of celebration in the capital Ulaanbaatar overnight, and the winning candidate said in a speech that the presidency was a "huge responsibility".

"I understand that all of the Mongolian people who voted in this election are expressing hope that we will complete the work we have started ... and that we will do more for our country," Khurelsukh said.

Khurelsukh will replace incumbent Khaltmaa Battulga, who was denied an opportunity to seek re-election following controversial changes to Mongolia's constitution that restricted presidents to one term in office.

His victory follows a low-key campaign marred by COVID-19 restrictions. Most outdoor events were cancelled on Saturday after the outsider candidate Enkhbat of the National Labor Party tested positive for the coronavirus.

Mongolia's hybrid political system gives its elected parliament the right to appoint governments and decide policy, but the president has the power to veto legislation, and until recent constitutional changes could also hire and fire judges.

With the presidency often controlled by the opposition party, the division of power has created political deadlock that some believe has held back Mongolia's development.

Khurelsukh's election is expected to give the MPP more control over the levers of power, though he is obliged to relinquish his party affiliation as soon as he takes office.

© Reuters. FILE PHOTO: Ukhnaa Khurelsukh, presidential candidate of the Mongolian People's Party, attends a campaign rally ahead of the presidential election, in Ulaanbaatar, Mongolia June 5, 2021. Picture taken June 5, 2021. REUTERS/B. Rentsendorj

The Democratic Party campaigned under the slogan "Mongolia without Dictatorship," and Erdene warned that the country was sliding towards a one-party state.

It remains unclear what the MPP's consolidation of power will mean for Mongolia’s biggest foreign investment project, the Oyu Tolgoi copper mine run by Rio Tinto (LON:RIO), which the government in Ulaanbaatar has sought to renegotiate as construction costs surge.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.