The Central Bank simplified lending to projects to protect critical infrastructure

The Central Bank has simplified lending to projects to protect critical infrastructure from air attacks. The regulator set reduction coefficients in calculating the risk of such loans: 30% for investment-grade borrowers and 50% for others. This was reported by the press service of the Bank of Russia.

The Central Bank also allowed not to apply macroprudential surcharges on such loans. The benefit applies to legal entities, regions and municipalities. The decision will be valid until December 31 inclusive. In the future, measures can be consolidated on a regular basis.

Thanks to the initiative, banks will be able to save capital within the limit for projects of technological sovereignty and structural adaptation of the economy. The Central Bank believes that free limits in these areas are enough for preferential financing of CU and SAE projects, as well as for the protection of critical infrastructure.

In August, Russian President Vladimir Putin signed a decree protecting critical infrastructure. According to the document, it includes objects of the fuel and energy complex, industrial enterprises, communication facilities, municipal, transport and logistics infrastructure. The list may include other facilities that are particularly important for the security and economic stability of the country and its population.

If the owners of such facilities violate security measures, including during UAV strikes, and delay repairs, the government will be able to transfer them to temporary management. Under temporary management can get all or part of the object, securities of the owner or his property rights.