KAZAN, Russia, May 20 (UPI) -- Russian Economics Minister German Gref said Sunday his nation would likely soon join the Organization for Economic Cooperation and Development.
Following a meeting with the organization's secretary general Sunday, Gref said Russia may begin OCED ascension talks before the nation attempts to join the World Trade Organization, RIA Novosti reported.
"We agreed that the parties would coordinate a roadmap for Russia's accession talks," Gref said of his talks with OCED official Angel Gurria.
Russia has had ties with the international organization since 1990, when the group established an OECD Development Center. That center was designed to aid transition economies relate with one another better.
Such relations were formalized between the organization and the Russian Federation in 1994 with the signing of an official cooperation agreement.
The press agency said that currently the organization's efforts are focused on increasing international trade and helping its members maintain financial stability.