Financial markets megaregulator
Financial markets megaregulator
Russia to roll out national green finance standards
14.10.2019 18:09 / The Bank of Russia
Globally, green finance has been in particular focus of late. Unlike other initiatives, environment- and climate-friendly projects involve an independent check for compliance with green finance principles and standards. Furthermore, there are special requirements for information disclosure and cash flow segregation. To realise its national green finance agenda, Russia currently has to adopt the terms elaborated by other countries.
According to the Guidelines for the Development of the Russian Financial Market in 2019–2021, Russia shall have to fit into global processes and work through the issues related to creating national financial instruments and establishing a methodological and verification system for domestic financing instruments.