Russia has gradually been aware of the significance of ESG development and actively facilitated the formation of development strategies.Attaching importance to climate change,the Russian government has promulgated a series of environment preservation policies and expedited low carbon transition and emission reduction while the local financial institutions further promoted the development of green financial markets by offering relevant financial instruments and business entities improved their ESG performance by gradually strengthening information disclosure.However,Russia is facing challenges of balancing short-run growth and low carbon transition and emission reduction in the long run.
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