Prospects for Supporting Russia’s ESG Projects in Foreign Markets

Abstract

The article explores the current and promising support measures provided by Russia’s institutions for the promotion of export-oriented ESG projects. Given the unprecedented sanctions imposed against the Russian Federation and its largest industrial companies, foreign investors show little interest in financing export projects of Russian companies implemented in accordance with responsible business conduct principles. Russian private investors have also taken a wait-and-see attitude. Necessary statements have been made by the Russian authorities to continue the course towards implementation of ESG projects in the markets of its trading partners. Therefore Russian institutions should play a leading role in supporting such projects. The author identified the special financial support instruments for exporters depending on their needs and taking into account the current foreign policy and external economic factors. Besides, the article describes an industry gradation of green and adaptation projects together with special support instruments for projects of a particular industry.