OECD halts accession talks with Russia

OECD halts accession talks with Russia

PanARMENIAN.Net - A grouping of the world's most developed countries says it's provisionally halting accession talks with Russia in a move many will see as a direct response to the country's takeover of Ukraine's Crimean peninsula, the Associated Press reports.

The Organization for Economic Cooperation and Development, which promotes good governance and economic policy initiatives among its 34 mainly rich world members, says it has "postponed activities related to the accession process" with Russia "for the time being." No explanation for the decision was provided in the statement Thursday, March 13.

Russia has been in talks to join the since May 2007. As of last June Russia had concluded five of 22 reviews required for accession.

The OECD also said it would "respond positively to Ukraine's request" for closer ties with the Paris-based OECD.

Related links:
 Top stories
Among CIS countries, Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st place.
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Partner news