Central Bank Eases Lending for Critical Infrastructure Protection
The Central Bank of Russia allowed banks to apply discount factors when calculating credit risk for loans to protect critical infrastructure objects from air attacks.
Consensus
- The Central Bank of Russia introduced reduced risk coefficients for loans used to protect critical infrastructure from aerial attacks.
- The reduced risk coefficients are 30% for borrowers in the investment grade class and 50% for other borrowers.
- Banks are allowed not to apply macroprudential surcharges to such loans.
- The measures apply to legal entities, regions, and municipal authorities.
- The measures are effective from the date of publication until December 31 inclusive.
- Banks can save capital on these loans within the limit allocated for technological sovereignty and structural adaptation of the economy (TS and SAE) projects.
- There are sufficient unused limits under TS and SAE to cover both those projects and infrastructure protection financing.
- The measures may be incorporated into permanent regulation in the future.
- The decision was made by the Board of Directors of the Central Bank of Russia.
Points of divergence
- The decision will be effective until December 31, inclusive, and may be permanently adopted in the future. — kommersant
- The decision will be effective until December 31 of 2026, inclusive. — interfax
- The decision will be effective until December 31 inclusive, and the measures may be incorporated into permanent regulation. — vedomosti
- The President of Russia signed an order in August on the protection of critical infrastructure, defining it as including energy, industrial, communication, and transport infrastructure. — kommersant
- The President of Russia signed an order on August 24 on the protection of critical infrastructure, with provisions for temporary management in case of security breaches or delayed repairs. — vedomosti
- If owners fail to ensure safety or delay repairs after drone attacks, the government may take temporary control of the entire object, part of it, or its securities and property rights. — kommersant
- The government suspended inspections of businesses affected by Ukrainian military attacks on September 28 for one year. — vedomosti
Coverage (5 sources)
- Banks will save capital: Central Bank eases requirements for loans to protect against drones — Вести
- Banks will receive concessions on loans to protect infrastructure from drone attacks — Коммерсантъ
- Central Bank Simplifies Credit for Projects Protecting Critical Infrastructure Objects — Коммерсантъ
- Central Bank introduces preferential risk coefficients for loans to protect infrastructure from attacks by end of 2026 — Интерфакс
- Central Bank allowed banks to reduce risk on loans for infrastructure protection — Ведомости