The Central Bank of Russia reported that the sustainable finance market grew by 34% in the first quarter of 2026, with corporate green and transition bond issuance reaching almost RUB 60 billion, which it linked largely to its incentive-based regulation. In particular, risk weights for priority green and transition projects were reduced by 10–50% depending on project quality, improving the economics for banks to invest in the green economy. The incentives apply to both sustainability-linked loans and bonds, and the proceeds are intended to fund energy-efficient residential construction and purchases of environmentally friendly public transport.
Central Bank of Russia 2026-04-16
Central Bank of Russia reports 34% Q1 2026 sustainable finance growth as green and transition bond issuance nears RUB 60 billion
The Central Bank of Russia reported that the sustainable finance market grew by 34% in the first quarter of 2026, with corporate green and transition bond issuance reaching almost RUB 60 billion, largely attributed to its incentive-based regulation. The bank has reduced risk weights for priority green and transition projects by 10–50% depending on project quality, with incentives applying to sustainability-linked loans and bonds funding energy-efficient residential construction and public transport.