The Russian government has allocated 5 billion rubles to finance the construction of facilities in the field of solid municipal waste management through green bonds "Russian Environmental Operator" (REO), the cabinet said.

"In order to build a circular economy in Russia, it is necessary to support projects aimed at the development of the solid waste management industry. Green bonds will be another tool on the way to implement projects for the construction and reconstruction of waste treatment and recycling facilities," said Deputy Prime Minister Victoria Abramchenko.

Funding will allow to launch at least 13 projects and attract more than 50 billion rubles of investment in the industry of waste management to build infrastructure, authorities expect.

The supervisory board of REO approved the issue of green bonds worth 100 billion rubles by the end of 2024, the government said. Rosselkhozbank will be the anchor investor in the acquisition of REO bonds. Green bonds will be purchased until the end of 2024 on market conditions.

Made in Russia // Made in Russia

Author: Karina Kamalova