Development of the green financing mechanism in Russia under economic sanctions of 2022-2024

The article presents evidence and assessments of the progressive development of the green financing mechanism in Russia under sanctions. It includes normative and legal documents, statistical, analytical, and factual materials that confirm the successful functioning of key drivers of green finance as defined by the Global Green Finance Index. During the sanctions period, initiatives were undertaken to implement renewable energy sources, create national taxonomies and verifications for green projects and instruments, establish risk management standards, and mandate the disclosure of both financial and non-financial information, as well as sustainable development practices. The market for green debt instruments is expanding with the involvement of various issuer - government bodies, financial institutions, and real sector companies. Additionally, infrastructure has been established for the exchange trading of carbon credits.