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25/02/2022 – Following on from yesterday’s assertion condemning the massive scale aggression by Russia in opposition to Ukraine within the strongest attainable phrases and as a part of its pressing reconsideration of all cooperation with Russia, the OECD Council has taken numerous preliminary selections right now.
Firstly, Council has determined to formally terminate the accession course of with Russia, which was postponed in 2014.
The Council has additionally requested the Secretary-Basic to take the required steps to shut the OECD Moscow workplace and to cease all invites to Russia at Ministerial ranges and within the our bodies the place listed as Invitee.
The Secretary-Basic has additional been requested by Council to not enter into any new agreements for voluntary contributions with Russia, and to take the required steps to cease any tasks funded by means of voluntary contributions from Russia, which haven’t but commenced.
The OECD’s Exterior Relations Committee has been requested to overview Russia’s participation in Committees.
The OECD continues to face in sturdy solidarity with the Ukrainian individuals.
The Council has determined to strengthen OECD assist for the democratically elected authorities of Ukraine.
The reconsideration of all cooperation with Russia and the event of additional measures to strengthen OECD assist for the democratically elected authorities of Ukraine will proceed over the course of the following few days and weeks.
Lastly, the OECD Council will proceed to evaluate the financial and social repercussions of the present giant scale aggression of Russia in opposition to Ukraine and mentioned the power market influence and associated insurance policies with the Government Director of the Worldwide Vitality Company (IEA) and the Director-Basic of the Nuclear Vitality Company (NEA).
The Council was additionally briefed by the OECD Deputy Secretary-Basic and Chief Economist, in addition to Administrators of the OECD Commerce and Agriculture directorate, Directorate for Monetary and Enterprise Affairs, Directorate for Science, Know-how and Innovation and Directorate for Employment, Labour and Social Affairs.
Working with over 100 international locations, the OECD is a worldwide coverage discussion board that promotes insurance policies to protect particular person liberty and enhance the financial and social well-being of individuals all over the world.
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