The suspension finalizes Moscow's unilateral moratorium on the implementation of the CFE treaty declared in a decree issued by President Vladimir Putin in 2007.
"Russia made a decision to halt its participation in meetings of the consulting group from March 11, 2015. Thus, suspension of actions in the CFE declared by Russia in 2007 becomes full," the statement reads.
The Russian Foreign Ministry added that "NATO countries actually prefer to bypass the provisions of the CFE Treaty by expanding the alliance."
"In these circumstances, Russia considers it senseless to continue its participation in the meetings of the JCG [Joint Consultative Group]…for political and practical reasons and unreasonably costly from the financial-economic point of view," the ministry said citing head of the Russian Delegation to the Vienna Negotiations on Military Security and Arms Control.
The original CFE Treaty was signed in 1990 by 16 NATO and six Warsaw Pact members setting equal limits for each bloc on five key categories of conventional armaments and military hardware, including tanks, combat armored vehicles, artillery, assault helicopters and combat aircraft.