Ukraine announced on Tuesday that it would be seceding from the Commonwealth of Independent States.
The announcement was made by Andriy Parubiy, the chairman of the country's Council of National Security and Defense, ABC.az reports.
Ukraine is one of the founding members of the CIS, though it has not ratified its charter for membership since 1991, meaning Ukraine is considered a participating member and not a full member of the CIS.
"We decided to prepare a plan for holding joint exercises of Ukrainian army and allies-guarantors of Ukrainian security," Parubiy said, according to ABC.az. "Appropriate appeal to the countries-guarantors has already been prepared."
Ukraine is expected to sign an agreement with the European Union in June. Full membership to the EU, however, could be hampered by territorial conflict in Ukraine, including the loss of Crimea to Russia.
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine
- Armeconombank customers can repay loans via Idram, EasyPay terminals
- Kapital Bank joins American Bankers Association
- CEO of ACBA-Credit Agricole Bank receives Tigran Mets medal