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Creative Industries Russia

Global Development Russia at Red Yellow Blue (RYB)


RANEPA: The Future of Creative Industries in Russia
Feb 4, 2021 – The volume of the world market for creative industries, according to UNESCO, is 3% of world GDP. In Russia, growth in this area has reached 10% annually over the past two years. In the entertainment and media industry alone, it amounted to $ 21.7 billion in 2018, and $ 23.6 billion in 2019. However, this industry was among the worst hit by the pandemic. New activities are emerging at the intersection of creative services, digital services and high-tech products. Already, Moscow and St. Petersburg are successfully competing with the leading creative capitals of the world, such as London, New York, generating 9.5% and 7% of GRP, respectively (the share of the creative industry in London is 11.1%, New York – 13%.). However, on a national scale, the share of creative industries in the country’s economy is relatively small. The Spatial Development Strategy of Russia adopted in 2019 is designed to even out this imbalance. The strategy provides for generation of a concept for development of creative industries as one of the key elements of its implementation. This will give a powerful impetus to development of this area, which is especially in demand in the regions and urban agglomerations, which will make it possible to achieve the indicators of the leading countries, where the share of the creative economics in terms of GDP reaches 10%.

RANEPA: The Future of Creative Industries in Russia
Jan 15, 2021

Russian Creativity Week heralds a new era for the creative industries in Russia

Sep 11, 2020 – A new platform aimed at realizing the economic potential of Russia’s creative industries launches today in Gorky Park. Aligning with the UN’s International Year of Creative Economy for Sustainable Development, Russian Creativity Week will host over 500 events, including a business forum, lectures, masterclasses, installations and performances.
> prnewswire.com/russian-creativity-week
> roscongress.org/rossiyskaya-kreativnaya-nedelya
> brandnewworld.ru/russian-creativity-week-video-concept-and-production

Creative cities
Meet the new generation of Russian innovators from Moscow to Yekaterinburg

The Calvert Journal was launched as a project of Calvert 22 Foundation in March 2013. Today, the Journal is the world’s leading publication for culture, innovation, photography and travel in the New East.
> calvertjournal.com/creative-cities

100 Most Creative Russians

100 Most Creative Russians is a list of outstanding individuals and teams that make up the emerging creative sector of Russian economy (1—3% of GDP). They are businessmen, managers and creators who make a significant impact in their respective industries.
> 100mcr.com

Economy

Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy towards a more market-based system. Both economic growth and reform have stalled in recent years, however, and Russia remains a predominantly statist economy with a high concentration of wealth in officials’ hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy, transportation, banking, and defense-related sectors. The protection of property rights is still weak, and the state continues to interfere in the free operation of the private sector.

Russia is one of the world’s leading producers of oil and natural gas, and is also a top exporter of metals such as steel and primary aluminum. Russia is heavily dependent on the movement of world commodity prices as reliance on commodity exports makes it vulnerable to boom and bust cycles that follow the volatile swings in global prices. The economy, which had averaged 7% growth during the 1998-2008 period as oil prices rose rapidly, has seen diminishing growth rates since then due to the exhaustion of Russia’s commodity-based growth model.

A combination of falling oil prices, international sanctions, and structural limitations pushed Russia into a deep recession in 2015, with GDP falling by close to 2.8%. The downturn continued through 2016, with GDP contracting another 0.2%, but was reversed in 2017 as world demand picked up. Government support for import substitution has increased recently in an effort to diversify the economy away from extractive industries.

Moscow International Business Center
Moscow International Business Center