Project finance as a tool of Russia''s integration into global economy
Importance The article investigates mechanisms for integration of the Russian banks in the global market of project finance through their membership in international organizations. Objectives  The research finds out possible development paths of the project finance market in Russia. We perform a comprehensive analysis of benefits the Russian economy may have if national banks join the international organization of project finance. Methods  We applied methods of statistical and comparative analysis, classification and modeling techniques. Results The article determines the significance of project finance to develop key sectors of the national economy, structure of the segment and the role of the existing international organizations. We analyzed possible opportunities of the Russian economy if the Russian banking sector joins the Equator Principles Association. Conclusions and Relevance  To ensure successful development of economy through project finance, the Russian banks should participate in international organizations so to disseminate their expertise, attract funding and protect national interests. Considering the large scale of funded projects and numerous participants involved into international organizations of project finance, the Russian banks should not abstain from outlining the respective policies. The findings can be used to formulate policies of the national banking sector.