8.2. Case Study: Shift to Project Financing of Housing Development

Wednesday, May 15
10:00 - 11:30

Hall #6, General Staff Building (6-8, Dvortsovaya sq.)


The construction industry is one of the sources of economic development of the Russian Federation. According to the forecast of the socio-economic development of the Russian Federation, for 2018 and for the planned period of 2019 and 2020, the largest contribution to GDP growth during this period will be made by manufacturing, construction, wholesale and retail trade. For further development of the industry, it is necessary to have equal economic and legal conditions for doing business compared to other sectors of the economy.

Considering the importance of the construction sector for the economy, during recent years the legislation of the Russian Federation regulating construction in general and housing development in particular has been significantly changed.

The most significant changes in housing construction have recently occurred in connection with the adoption of the Federal Law No. 478-FZ dated 25.12.2018 aimed at the transition to project financing in housing construction.

Legislative innovations clarified the requirements for developers, while the standards governing the financial aspects of the implementation of projects involving citizens' funds were significantly revised.

All of the forementioned changes will make it possible to strengthen control over the targeted use of participants’ in shared construction funds by developers and, respectively, increase guarantees for protecting the rights of participants in shared construction.

Within the framework of the DOM.RF discussion session it is planned to simulate a specific business case in the field of housing development according to the new rules, which will be fully operational from July 1, 2019.


Igor Krasnov

Senior Vice-President – Head of Legal Unit, VEB.RF


Roman Bevzenko

Partner, Pepeliaev Group

Dmitriy Dubenetskiy

Deputy managing director, DOM.RF

Dmitriy Eremeev

Deputy Head of Legal Department, Gazprombank JSC

Dmitry Nazarov

Head of Department of Expertise and Investment Projects Support, RG-Development


Education, academic degree:

Higher School of Economics, Industrial and Civil Construction, 2013;

Lomonosov Moscow State University, Landscape Aesthetics and Design, 2009;

All-Russian Distance Institute of Finance and Economics, Accounting & Statistics Department, 1996;

Moscow Power Engineering Institute, Electromechanical Faculty, 1989.

Ph.D. in Economics, 2004.


Professional experience:

2014 – to date – Head of Department of Development, RG-Development.

2002 – 2014 – Executive Positions in PIK Group.


Specialist area, professional interests:

Supervision over implementation of investment and development projects for construction of residential compounds and infrastructure facilities, including structuring of transactions for the acquisition of projects, documentary provision of design and construction, compatibility with the executive authorities in negotiating the terms of investment projects, organization and control of design and construction works, project financing and achievement of target financial and economic figures.


Achievements, rewards:

Best performer at PIK Group, 2012.

Commendation by the Russian Regional Development Ministry, 2013.

Commendation by the Chairman of the Moscow City Committee for implementation of investment projects in construction and control over shared-equity construction, 2018.


Publications, scientific works:

23 years of teaching experience at the Financial University under the Government of the Russian Federation.

Nikita Stasishin

Deputy Ministry of Construction, Housing and Communal Services of the Russian Federation

* The Programme may be subject to change