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Subsidies for green projects will be introduced in Russia

Subsidies for green projects will be introduced in Russia
Photo: pixabay.com

Russia is planning to introduce subsidies for green projects. The mechanism is being developed by the Ministry of Industry and Trade.

As they write "News", From 2022 the Russian government proposes to issue state subsidies for the implementation of" green "projects. In particular, some amounts will be reimbursed for interest on "green" loans, and will also introduce coupon payments on "green" bonds.

The size of the subsidy will range from 60% to 90% of coupon payments on "green" bonds or interest on "green" loans. As noted in VEB.RF, the first distribution of payments is expected in the near future. VEB will issue green bonds, but this will happen regardless of subsidies.

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