The Government is preparing a “Roadmap” through 2024 on increasing accessibility to financing for projects which have secured Investment Protection and Promotion Agreements, first introduced last year, USRBC quoted the Russian business daily Kommersant as reporting.

Measures reportedly include allowing for the issuance of preferred stock, removing limits on the share of preferred stock, allowing for “mezzanine” financing combining debt and equity, and introducing convertible bonds.

A second set of measures aimed at removing redundant regulations would include removing restrictions on investment partnerships, including on the number of participants and financing volume. A register of investment partnerships with standardized deals would be created.

Other proposals include raising the investment ceiling for individual investors and creating an experimental regulatory regime which would allow the remote creation of legal entities for capital investment purposes.

The proposals have reportedly been sent to a number of sizable industrial and trade associations in Russia, as well as various ministries and departments, for comment.