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=== NATO and the European Union === {{See also|NATO–Russia relations|Russia–European Union relations}} [[Russia]] is a member of the [[Commonwealth of Independent States]] (CIS), [[Union of Russia and Belarus]], [[Organization for Security and Cooperation in Europe]] (OSCE), [[Paris Club]], and the [[North Atlantic Cooperation Council]] (NACC). It signed the [[NATO]] [[Partnership for Peace]] initiative on 22 June 1994. On 20 May 1997, NATO and Russia signed the [[NATO–Russia relations|NATO–Russia Founding Act]], which the parties hoped would provide the basis for an enduring and robust partnership between the Alliance and Russia—one that could make an important contribution to European security architecture in the 21st century, though already at the time of its signing doubts were cast on whether this accord could deliver on these ambitious goals.<ref>{{cite web |website=Berlin Information-centre for Transatlantic Security |author=Otfried Nassauer |author2=Oliver Meier | title = The NATO-Russia "Founding Act": Stepping Stone or Stumbling Block for a European Security Architecture? | date = 4 July 1997 | url = http://www.bits.de/public/briefingpaper/bp97-1.htm | type= Summit briefing | access-date =23 August 2008}}</ref> This agreement was superseded by the [[NATO–Russia relations|NATO–Russia Council]] that was agreed at the [[Reykjavík Ministerial]] and unveiled at the Rome NATO Summit in May 2002. On 24 June 1994, Russia and the [[European Union]] (EU) signed a partnership and cooperation agreement. European Union imposed [[international sanctions during the Ukrainian crisis|sanctions on Russian businesses and individuals]] in 2014, regarding the [[annexation of Crimea by the Russian Federation|annexation of Crimea]] and alleged support for separatists during [[War in Donbas (2014–2022)|War in Donbas]].<ref>Helene Sjursen and Guri Rosén. "Arguing Sanctions. On the EU's Response to the Crisis in Ukraine." ''JCMS: Journal of Common Market Studies'' (Sept 2016). DOI: 10.1111/jcms.12443</ref> Following the [[Russian invasion of Ukraine]] in 2022, non NATO/EU countries felt threatened by Russia with EU candidate status being granted to Bosnia and Herzegovina, Ukraine and Moldova in 2022, EU negotiations speeding up for Albania and North Macedonia and Finland joining NATO in 2023 with Sweden joining in 2024.
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