Special Update on Supporting Investments on the Basis of Project Finance in Russia | White & Case LLP International Law Firm, Global Law Practice

Special Update on Supporting Investments on the Basis of Project Finance in Russia

In January 2015, the first projects were selected under a program designed to support investment projects implemented in Russia on the basis of project finance (the “Program”). The Program was earlier approved by Government Resolution No.1044 dated 11 October 2014.

In this special update we cover certain general provisions of the Program, including the criteria and procedure for selecting Russian credit organizations, international financial organizations and investment projects for participation in the Program and the procedure and terms for providing state guarantees for loans.

The update takes into account clarifications on the Program given by the Ministry of Economic Development based on typical questions raised by potential participants of the Program.

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