Since the beginning of the COVID19 pandemic in early 2020, Russia has committed at least USD 855.37 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- At least USD 855.37 million for unconditional fossil fuels through 8 policies (3 quantified and 5 unquantified)
- No public money commitments identified for conditional fossil fuels
- No public money commitments identified for unconditional clean energy
- No public money commitments identified for conditional clean energy
- Some public money committed for other energy (1 policy with the value of public money unquantified)
Supporting fossil fuel energy
Supporting clean energy
By energy type, Russia committed at least USD 855.37 million to oil and gas (at least USD 855.37 million to unconditional oil and gas).
In addition, no public money commitments identified for coal.
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, no public money commitments identified for multiple fossil fuels.
A considerably larger amount of public money committed to supporting the economy and people of Russia through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 12 August 2020
|Read more||Jurisdiction||Category||Policy name||Policy type||Sector||Energy type||Stage||Mechanism||Legislation and endorsing agency||Arm of Government||Primary and secondary stated objective of the policy||Date of entry into force||Implemented repeal date, if any||Value as stated (specify currency)||Value committed, national currency||Value committed, USD||Value disbursed, national currency||Date of announcement||Value disbursed, USD||Policy background||Links to official sources||Links to additional sources|
|National||other energy||Energy Strategy of the Russian Federation to 2035||Other||Multiple sectors||Multiple energy types||Several energy stages||Uncategorized||Government of the Russian Federation||Government||To ensure meeting domestic energy demands and increased energy exports||09/06/2020||RUB||Unquantified||0||Unquantified||09/06/2020||Unquantified||The Russian Ministry of Energy was developing the Energy Strategy to 2035 for several years before the COVID-19 crisis in 2020 to replace the prior Energy Strategy to 2030. On 9 June 2020, the Government of the Russian Federation approved the final version of the Strategy. It sets the strategic goals in the fuel and energy complex to be operationalised by other government activities, including funding under ongoing federal target programs. The Strategy pursues meeting domestic energy demands and increased exports. The Strategy recognises the "inevitability of new geopolitical and global economic crises" and forecasts 5-9 per cent growth in fuel production by 2024 (over 2018), an increase in fuel and energy exports of 9 to 15 per cent, and increases in investment in the industry by 1.35–1.4 times based mostly on fossil fuel developments, with some targets for nuclear, hydropower, energy efficiency and renewable energy sources.||
|national||fossil unconditional||Gazprom will cover 30% of the total costs of vehicle converstion to gas-fired engines, in tandem with the increased government subsidy (60% of the conversion costs)||Other||Mobility||Gas and gas products||Energy use (all energy types, consumption in transport, household use, buildings etc)||Other hybrid support measures||Gazprom||SOE||To stimulate domestic demand for gas and to convert transport fleet to gas||19/06/2020||RUB||Unquantified||0||Unquantified||19/06/2020||Unquantified||Gazprom will cover 30% of costs of converting cars, trucks and other vehicles to gas-fired engines.||
|national||fossil unconditional||Increase in the volume of mandatory fuel sales by oil companies at SPIMEX||Other||Mobility||Oil and oil products||Energy use (all energy types, consumption in transport, household use, buildings etc)||New or extended regulation (IT)||Ministry of Energy & Federal Antimonopoly Services||Government||To maintain the stability of the motor fuel market amid accelerated recovery in demand; to further develop exchange trading and increase the transparency of market participants||RUB||Unquantified||0||Unquantified||16/07/2020||Unquantified||FAS and the Ministry of Energy agreed to increase the minimum volume of sales of petroleum products on the stock exchange to 11% (from 10%) for gasoline and 7.5% (from 6%) for diesel fuel. It was also decided to introduce liability measures for oil companies for non-compliance with the regularity and uniformity of sales requirements when selling oil products on the exchange. This measure is expected to increase fuel supply to the domestic market and keep fuel prices at a lower level.||
|national||fossil unconditional||Automotive industry coronavirus support package||Fiscal||Mobility||Oil and oil products||Energy use (all energy types, consumption in transport, household use, buildings etc)||Budget or off-budget transfer (DT)||Government of Russia||Government||To support industries and businesses affected by the spread of coronavirus infection and ensure the demand for their products||21/05/2020||RUB||25.00 billion||360609864||Unquantified||21/05/2020||Unquantified||The government will allocate RUB 25 billion to support the automotive industry. Of this, RUB 5 billion will be spent on the purchase of ambulances. The rest will be split between preferential car loans and leasing and advance purchases of domestic automotive equipment for the needs of state-owned companies.||
|National||fossil unconditional||Increase in the subsidy for converting vehicles to gas-fired engines from 30% to 60% of the total retrofitting costs||Fiscal||Mobility||Gas and gas products||Energy use (all energy types, consumption in transport, household use, buildings etc)||Budget or off-budget transfer (DT)||Decree of the Government of the Russian Federation № 886 of 19 June 2020 "On Amendments to the Annex № 29 to the State Programme of the Russian Federation "Development of the Energy Sector||Government||To stimulate domestic demand for gas and to convert transport fleet to gas.||19/06/2020||RUB||Unquantified||0||Unquantified||19/06/2020||Unquantified||The government increased its subsidy for converting cars, trucks and other vehicles to gas-fired engines from 30% to 60%. Gazprom will cover another 30%. Vehicle owners will only have to pay 10% of the costs.||
|National||fossil unconditional||Airline subsidies due to coronavirus traffic decreases||Fiscal||Mobility||Oil and oil products||Energy use (all energy types, consumption in transport, household use, buildings etc)||Budget or off-budget transfer (DT)||Decree of May 13, 2020 No. 661/Government of Russia (Ministry of Transport)||Government||To help airlines survive the period of restrictions associated with the difficult epidemiological situation and maintain employment.||13/05/2020||RUB||23.40 billion||337530833||Unquantified||13/05/2020||Unquantified||The subsidies are calculated as follows: airlines will be paid RUB 365 for each passenger lost in the reporting month of 2020 compared to the same month of 2019, from February to July. Airlines can use the subsidies to cover salaries for pilots and flight attendants, payments to Russian leasing companies and for airport services.||
|National||fossil unconditional||Partial compensation of operation costs by airports||Fiscal||Mobility||Oil and oil products||Energy use (all energy types, consumption in transport, household use, buildings etc)||Budget or off-budget transfer (DT)||Decision of the Government of Russia № 1436-р of 29 May 2020||Government||To partially compensate the costs in connection with losses of revenue due to the decrease in passenger flights as a result of the novel coronavirus infection spread.||29/05/2020||RUB||10.90 billion||157225901||Unquantified||29/05/2020||Unquantified||The funds are assigned from the Reserve Fund of the Government of the Russian Federation to Rosaviatsiya, a federal government agency, which distributes the funds among the airports. Airports can use these funds to pay wages (except for top management), insurance fees and maintenance costs for buildings, equipment and transport.||
|National||fossil unconditional||Temporary prohibition on import of certain fuels||Other||Resources||Oil and oil products||Exploration or production or processing or storage or transportation||New or extended regulation (IT)||Government||1. Energy security 2. Stabilization of internal fuel market||22/05/2020||01/10/2020||RUB||Unquantified||0||Unquantified||22/05/2020||Unquantified||The list of fuels includes gasoline, diesel fuels, aviation (kerosene) fuel. The Government can review & extend the measure by July 15. The measure aims to protect domestic fuel producers from competition.||
|National||fossil unconditional||Tax Code amendments introducing more tax incentives for natural gas development in the Arctic||Fiscal||Resources||Gas and gas products||Exploration or production or processing or storage or transportation||Tax or royalty or govt fee break (GRF)||Government of Russia||Government||Increasing oil and particularly gas extraction in the Arctic and promoting the development of maritime transport.||18/03/2020||RUB||Unquantified||0||Unquantified||18/03/2020||Unquantified||The measure is aimed at increasing oil and particularly gas extraction in the Arctic and promoting the development of maritime transport.||