ETS Verification GmbH, one of the EU's leading Emissions Trading Scheme (ETS) compliance experts has confirmed Volga-Dnepr Airlines' full compliance with the requirements of the European Commission's scheme following an extensive audit of its business.

In the audit report to the airline, Guido Harling, Managing Director of ETS Verification, said: 'I am very impressed with the level of thoroughness and attention that was given to all procedures in your ETS manual. The data provided by the company features outstanding quality and the procedures implemented can be exemplary for other organizations."

The EU introduced the greenhouse gas emissions monitoring and reporting system for the aviation industry in 2010, purporting to cover all air carriers operating to/from EU territories. Based on emissions reports for 2010, the EU allocated free CO2 allowances for carriers for the period from 2012 to 2020. Those carriers which exceed their allowances would have to buy additional emissions certificates from the market. EU regulations contemplate that restrictions to fly to EU countries may be imposed on non-compliant carriers. The emissions monitoring and reporting system was implemented in Volga-Dnepr Airlines in 2010.