Bank of Russia prepares new regulation for PPP project finance
Updated approaches will help banks alleviate the burden on capital when financing public-private partnership (PPP) projects. Banks will be able to factor in the possibility that the state may repay loans if this is provided for by a direct agreement between parties to a PPP project.
The regulation will apply only to projects where the public partner is represented by the Russian Federation as well as its constituent territories or municipalities with the national credit rating not lower than A. It is planned that credit claims on PPP projects will be recorded according to the new rules starting from October 2026.
More details are available in the Bank of Russia’s paper. Please submit answers to questions outlined in the paper as well as your comments and suggestions through 16 July 2025.