Eco projects financing
In 2019, the Bank invested in Gazprom - Gas-Engine Fuel LLC, a company engaged in the establishment of infrastructure for the development of the gas motor fuel market in the Russian Federation. On average throughout the country, automobile transport is responsible for approximately 44% of overall pollution, reaching as high as 93% in major cities such as Moscow and St. Petersburg. Natural gas is a cleaner type of fuel compared to gasoline or diesel.
In the course of 2019, 28 new gas motor fuel infrastructure facilities were built or purchased. The transition to gas motor fuel will reduce the level of harmful atmospheric pollutants generated by the transport sector and thus allow city dwellers to breathe cleaner air. The company strategy envisages further expansion of the fueling station network to make gas motor fuel more accessible for consumers.