Russia Introduces New Tools to Boost Creative Industries to 6% of GDP by 2030
Sumaira FH
Published September 08, 2026 | 04:30 PM
MOSCOW, (UrduPoint / Pakistan Point News / WAM – 08th Sep, 2026)
Russia is introducing new financial and development tools to support its creative industries, which currently account for 4.2 percent of the country’s GDP. The sector’s share of GDP is targeted to reach 6 percent by 2030, according to Anastasiya Zolotukhina, Director of the Department for Social Sphere and Non-Profit Sector Development at Russia’s Ministry of Economic Development.
(TV BRICS) cited the Ministry of Economic Development as stating that the new tools include:
- Export mechanisms
- Endowment funds
- Digital financial assets (DFAs) available to non-profit organizations operating in the creative industries.
The measures aim to:
- Improve the effectiveness of endowment funds by developing support services for specialized management organizations.
- Remove restrictions on paid activities for other non-profit owners of endowments.
- Create universal solutions for their operation, fundraising, and promotion.
Digital financial assets (DFAs) exceeded US$19.6 billion last year, demonstrating growing potential in the creative sector. Export development is also gaining importance, with organizations targeting international markets utilizing instruments like letters of credit, factoring, and advance payment insurance.
