The OECD suspended the participation of Russia and Belarus in its bodies

The OECD, a global policy forum, suspended the participation of Russia and Belarus in OECD bodies. In response to Russia’s war on Ukraine, OECD Members also tasked the Secretary-General to develop proposals to further strengthen support to the democratically elected government of Ukraine, including to support recovery and reconstruction.

The OECD works with over 100 countries, and while Ukraine is not its member, it is a member of some of the OECD bodies. In particular, since 2014, Ukraine has been a member of the International Financial Education Network (OECD / INFE). In response to a request from the National Bank of Ukraine, the OECD / INFE has confirmed that it has also suspended Russia’s membership in the network.