The AIFC Green Finance Centre intends to enter the Russian green bond issuers market

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Having presented in detail the work of the Centre, including the development of a taxonomy according to the green finance standards, the provision of services for the verification of sustainable financing projects, A. Kazybayev made several proposals on possible prospects for cooperation.

The AIFC Green Finance Centre intends to enter the Russian green bond issuers market

Aifc.kz – The Chief Executive Officer of the AIFC Green Finance Centre, Aidar Kazybayev, held a business meeting with the First Deputy Chairman - Member of the Board of VEB.RF, Alexey Miroshnichenko.

Having presented in detail the work of the Centre, including the development of a taxonomy according to the green finance standards, the provision of services for the verification of sustainable financing projects, A. Kazybayev made several proposals on possible prospects for cooperation.

In particular, an agreement was reached on working out the issue of mutual recognition of the verification results, as well as including the GFC in the list of verifiers of green bonds approved by VEB.RF. In the long term this opens opportunities for the Centre to carry out verification of sustainable financing projects for Russian issuers.

Great interest on the part of VEB.RF was aroused by the proposal to create an Analytical Centre for Sustainable Development for the EAEU countries together with the EDB and the Eurasian Economic Commission.

Considering the great work carried out by VEB.RF in terms of popularising green finance instruments, A. Kazybaev proposed to jointly promote and carry out work to award the AIFC Green Finance Award for Russian companies.

For further continuation of cooperation A. Miroshnichenko proposed to sign a bilateral Agreement on Strategic Partnership on ESG and Green Finance in the framework of one of the meetings of the AIFC and VEB management in early 2022.

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