Bellerage Alinga

Green bonds grants

Green bonds grants

The Government of the Russian Federation has approved rules for grant provision for Russian companies to reimburse the costs of paying coupon profits on green bonds. Green bonds are issued as part of investment projects to introduce the best available technologies.

The grant amount will be 70% of the actual costs incurred for the payment of coupon profit. In case a company purchases Russian industrial equipment to perform the investment project, the grant amount will be 90%.

There are the following conditions to receive the grant:

• an investment project aimed at facilities equipping technical devices that reduce negative impacts on the environment

• project implementation contributes to the step-by-step achievement of emission limits

• the project is carried out in the framework of the Interdepartmental Program for Environmental Improving

• funds received from the placement of bonds are used to invest in this project

• bonds are placed after January 1, 2019 for a total value of not more than 30 billion rubles.

To receive a grant, investment projects should be chosen according to the approved rules.