The MAYOR plans to create "transitional" bonds in the sustainable development sector

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AK&M 17 September 2021 14:15

The Ministry of Economic Development of Russia plans to deal with "transitional" bonds in the near future, as well as bonds linked to sustainable development indicators. This was stated by Deputy Minister of Economic Development of Russia Ilya Torosov at the international banking forum "Banks of Russia-XXI century", the ministry said in a statement.

According to I. Torosov, in order to ensure the necessary level of carbon neutrality, it is necessary to create additional incentives for such enterprises to switch to more environmentally friendly production methods, which was the reason for the development of a taxonomy of adaptation ("transitional") projects.

"In the near future, in order to apply the criteria of "transitional" projects, it is planned to initiate the creation of a segment of "transitional" bonds in the sustainable development sector of the Moscow Stock Exchange, where bonds will be placed to attract financing for the implementation of "transitional" projects," the deputy minister said, quoted in the message.