Development Trends of Project Finance in Russia
The article discusses the history of the development and establishment of project finance in Russia, existing approaches to the periodization of its development are described. The starting point for the development of project finance is the exploration of Siberia and Alaska. The concession period of the Russian Empire and NEP, methods of attracting foreign capital in the development of telecommunications, railways and oil fields are examined. The similarity of long-term financing of capital investments in the USSR and project financing according to the basic principles is revealed. A parallel with the global experience in the application of project finance in the 20th century is drawn. An overview of the volume and structure of the global project finance market and current Russian trends in the application of the project finance mechanism is provided.