Alexander Novak: In the coming years, the creative industry will be a driver of economic development.

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Source: Government of the Russian Federation – Government of the Russian Federation –

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Alexander Novak during a visit to the exhibition of achievements of the Russian creative industry in St. Petersburg. With St. Petersburg Governor Alexander Beglov

Deputy Prime Minister Alexander Novak participated in the joint plenary session "Russia's Creative Economy: Horizon 2050," a side event, and a cultural program, including a visit to an exhibition showcasing Russia's creative industries.

The joint plenary session was moderated by journalist Rick Sanchez and Vera Podguzova, Senior Vice President and Director of External Relations at PSB Bank.

"The creative industry is currently booming globally. Russia has joined this race, and we are very actively developing the creative sector in our country. The share of creative industries in our economy is slightly higher than the global average: 4.1% at the end of last year. Each area of the creative industry has enormous export potential. This not only fosters competition but also provides an opportunity to develop international partnerships, trade and economic cooperation, and strengthen trust between countries. Through the penetration and exchange of cultures, we convey our cultural code and our identity to the world," emphasized Alexander Novak.

The International Conference on the Creative Economy, taking place in St. Petersburg, will focus on the impact of creative industries on the economy, society, and new value chains for international cooperation. The event is expected to attract 1,500 participants and 120 experts from more than 30 countries. The platform will bring together creative industry representatives from BRICS, the CIS, the SCO, and MENA countries, who will seek common solutions and establish new partnerships.

"Competition in global markets between dominant countries and those losing their leadership in the global economy is occurring across all sectors. Today, competition, and in many ways the profitability of various products, is driven by meanings and experiences. Creativity is becoming a key factor in global competitiveness. The creative economy is a crucial element of public sovereignty. After all, the meanings, the cultural characteristics that are being developed now, the narratives conveyed through products and services, largely shape public consciousness. Therefore, the development of the creative economy is a factor in global competitiveness, public sovereignty, public identity, and the formation of a country's national consciousness," noted Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office of Russia.

The key theme of the session was the need to move beyond the simple export of creative products to deep cooperation. Svetlana Chupsheva, CEO of the Agency for Strategic Initiatives, emphasized that Russia sees itself not simply as a content provider, but as an integrator and partner in creating shared value. She announced the launch of a large-scale project: "The Russian International Creative Seasons will become an annual strategic platform for exchanging best practices, discussing trends, and developing joint projects. Creative industries are not logos or brands; they are a way of life. Today, Russia invites its partners to co-design the future—together, to decide how to preserve our cultures and traditions in the age of artificial intelligence, so that technology can work for the benefit of humanity."

The Roscongress Foundation will be a partner in the new project. "Creative industries are the driving force behind development and a true 'golden reserve' for our country. Today, the rich cultural heritage of Russia's peoples is blending with cutting-edge technology and artificial intelligence, opening new horizons for the growth of the creative sector. The Roscongress Foundation serves as a factory of meanings and ideas—its platforms shape key trends in the development of the creative economy. For several years now, we have been implementing the 'Soul of Russia' project, which brings together the best cultural achievements and innovative initiatives from our regions. The Russian International Creative Seasons have become a powerful platform for promoting these ideas, and next year we will continue to strengthen collaboration between creative business leaders at the Roscongress Foundation's major international venues—the St. Petersburg International Economic Forum and the Eastern Economic Forum," said Elena Marinina, Deputy Director of the Roscongress Foundation and Chair of the Board of the Innosocium Foundation.

The conference will feature approximately fifty discussions in various formats. Key topics include a global, unified, and transparent measurement system for creative economy research, intellectual property protection in the creative economy, the development of an education system tailored to the specifics of this sector, the role of creative cities in national economic development, strategies for the global promotion of creative industries, Russia's cooperation within BRICS, the SCO, and the CIS, and Russian-Chinese cooperation.

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Financial News: In September, the influx of private investment in stocks and OFZs increased.

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Source: Central Bank of Russia

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In September, the stock market entered a correction amid lower expectations for corporate profit growth and a reassessment of key rate expectations. This increased the attractiveness of stock prices, resulting in the inflow of household funds into the stock market rising to 74.5 billion rubles. The population also increased new investments in OFZs, reaching 61.4 billion rubles.

The ruble weakened slightly in September but remained within its fluctuation range over the past six months. Despite the growing share of ruble revenue, net sales by exporters fell by 21%, while foreign currency sales by foreign companies, Russian banks, and non-credit financial institutions increased.

Read more in the next issue. Review of Financial Market Risks.

Preview photo: AVNik / Shutterstock / Fotodom

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Materials for the Government meeting on October 9, 2025

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The following issues are planned to be considered at the meeting: October 8, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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Government Meeting (2025, No. 34)

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1. On amendments to the Order of the Government of the Russian Federation of January 17, 2025 No. 31-r October 8, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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Chinese-Italian cooperation boasts bright spots and mutual benefits, says Chinese Foreign Minister

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Source: People's Republic of China – State Council News

Rome, October 8 (Xinhua) – Chinese-Italian cooperation is full of bright spots and is characterized by mutual benefit, Chinese Foreign Minister Wang Yi said in Rome on Wednesday.

Wang Yi, also a member of the Politburo of the CPC Central Committee, made the announcement during the 12th joint meeting of the China-Italy Intergovernmental Commission, which he attended alongside Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani. In his closing remarks, the Chinese Foreign Minister praised the achievements of Chinese-Italian cooperation in various fields.

Wang Yi noted that since last year, China and Italy have been actively implementing the important consensus reached by the two countries' leaders. Taking advantage of the 55th anniversary of the establishment of Chinese-Italian diplomatic relations, celebrated this year, as an opportunity, the two countries are steadily expanding practical cooperation in various fields, with many highlights.

According to the Chinese diplomat, the initial construction of the Sino-Italian Lingang Industrial Park for Innovative Cooperation has been completed, the two sides jointly launched the Zhang Heng 1-02 electromagnetic monitoring satellite, a bilateral agreement on the elimination of double taxation has officially entered into force, the two sides support each other in promoting business, and more than 70 Italian companies will participate in the 8th China International Import Expo.

Furthermore, the countries selected the first four classic literary works for mutual translation, more than ten of the best Chinese and Italian films were screened in both countries, and Shanghai and Shenzhen held separate events with Milan as part of their sister city relationship—a design forum and a fashion week. China unilaterally introduced a trial visa-free regime for Italian citizens and will continue to extend it, inviting even more Italian friends to take a "spontaneous trip to China."

Wang Yi noted that China and Italy are two major economies that support free trade, two leading forces that advocate multilateralism, and two ancient civilizations that advocate exchanges and mutual learning.

In the face of the volatile and turbulent international situation, Wang Yi called on China and Italy to demonstrate responsibility, follow the trends of the times, always trust each other, and jointly achieve success.

The two sides should adhere to the spirit of openness, strengthen and optimize practical cooperation, so that through the rich results of cooperation, they can make even greater contributions to the economic development of both countries and the well-being of their peoples, the head of the Chinese Foreign Ministry added.

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Breaking News: France's new prime minister is expected to be appointed within the next 48 hours – S. Lecornu

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Source: People's Republic of China – State Council News

PARIS, Oct. 8 (Xinhua) — Outgoing French Prime Minister Sebastien Lecornu said on Wednesday evening that President Emmanuel Macron is expected to appoint a new prime minister within the next 48 hours.

“I feel that a way forward is possible,” S. Lecornu said on France 2 television, noting that the current situation allows the president to begin making appointments.

“It is he who will conduct the final consultations,” added S. Lecornu. –0–

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Serbia shocked by Turkey's armament of Kosovo – President

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Source: People's Republic of China – State Council News

BELGRADE, Oct. 8 (Xinhua) — Serbian President Aleksandar Vucic and other top officials on Wednesday condemned Turkey's delivery of thousands of suicide drones to Kosovo, calling it a gross violation of international law.

A. Vučić said he was “shocked” by Turkey’s behavior, accusing Ankara of destabilizing the Western Balkans and “dreaming about the revival of the Ottoman Empire.”

"It's now absolutely clear that Türkiye doesn't want stability in the Western Balkans and is once again dreaming of a revival of the Ottoman Empire. Serbia is a small country, but we understand their true intentions," A. Vučić wrote on social media.

Earlier in the day, the head of the Serbian government's chancellery for Kosovo and Metohija, Petar Petkovic, said Türkiye had "directly violated" Resolution 1244 by arming Pristina with more than 1,000 Skydagger combat FPV drones.

In a press release issued by the “Kosovo government,” Acting Prime Minister Albin Kurti announced the arrival at Pristina’s Adem Jashari Airport of several containers containing “thousands of Skydagger kamikaze drones” supplied by the Turkish defense company Baykar.

Kosovo, a Serbian administrative unit, unilaterally declared independence in 2008, a move Belgrade considers illegal. Under UN Security Council Resolution 1244, adopted in 1999, the territory remains under temporary UN civilian administration and NATO military control, with the NATO-led Kosovo Force (KFOR) recognized as the sole authorized armed force.

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At least 12 people were killed in artillery shelling of the Rapid Intervention Forces in western Sudan, volunteer organizations said.

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Khartoum, October 8 (Xinhua) — At least 12 people were killed and 17 others wounded on Wednesday when the paramilitary Rapid Intervention Force (RIF) shelled a major hospital in the western Sudanese city of El Fasher, volunteer organizations reported.

The Sudanese Doctors Network (SDN) stated in a statement that direct artillery fire on El Fasher Hospital resulted in the deaths of medical personnel on duty. The organization called the attack a "full-fledged war crime" and placed full responsibility on the SDN, calling on the international community to intervene to protect the city's medical facilities.

The Coordination of Resistance Committees in El Fasher, in turn, clarified that the Saudi Specialized Hospital for Obstetrics and Gynecology, the only functioning medical facility in the city, came under intense shelling, “resulting in the death and injury of civilians, including children and the elderly.”

According to local sources, the hospital has been a regular target of the SBR strikes during recent attacks.

The SBR has not yet commented on the latest incident.

Since May 2024, fierce clashes have been ongoing in El Fasher between the Sudanese Armed Forces and their allies, on the one hand, and the RRF, on the other. In recent days, the intensity of the fighting has significantly increased.

Sudan remains engulfed in a massive conflict between the Sudanese Armed Forces and the RSF that began in April 2023. Since then, fighting has claimed tens of thousands of lives and forced millions to flee their homes, exacerbating the country's humanitarian crisis.

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China called on WTO members to collectively confront trade turbulence and jointly uphold multilateralism.

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Source: People's Republic of China – State Council News

GENEVA, Oct. 8 (Xinhua) — China called on members of the World Trade Organization (WTO) to collectively counter rising trade turbulence and jointly uphold the core values and principles of the multilateral trading system.

Speaking on the China-proposed agenda item “Increasing Trade Turbulence and the WTO Response” at the 4th meeting of the WTO General Council, which was held from October 6 to 7, China’s Permanent Representative to the WTO Li Yongjie noted that global trade and economic turbulence continues and is worsening.

Li Yongjie stated that US trade policy disrupts supply chains and destabilizes global markets, becoming a major source of global instability. She also noted that some WTO members were coerced into entering into agreements, which impacted the legitimate rights and interests of third parties.

This has led to “power-based” trade relations gradually eroding the “rules-based” multilateral trading system, Li Yongjie pointed out, expressing strong concern about this.

China's Permanent Representative outlined three recommendations to address the growing trade turbulence. These include strengthening transparency and oversight; collectively reaffirming a strong commitment to the rules-based multilateral trading system; and taking concrete measures to ensure the WTO can deliver practical results.

The European Union, Brazil, Australia, Switzerland, Pakistan and other WTO members called for upholding the organization's fundamental principles and promoting its reform.

The EU has expressed serious concern that "force-based" trade relations are eroding the "rules-based" multilateral trading system.

Australia, New Zealand, the Republic of Korea and others recommended that the WTO Secretariat strengthen its oversight of unilateral customs duties and related bilateral agreements, calling on Members to notify their bilateral agreements to the WTO.

Nigeria and Bangladesh noted the impact of unilateral tariffs and an uncertain trade environment on vulnerable developing WTO members, calling on the organization to provide them with the necessary assistance.

Venezuela, Nicaragua, Cuba and other members strongly condemned unilateral tariffs and coercive practices by the United States. –0–

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Exclusive: China has made a significant contribution to the development of women's issues globally, says the President of the Women's Congress of Kyrgyzstan.

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Source: People's Republic of China – State Council News

Bishkek, October 8 (Xinhua) — China has made a significant contribution to the development of women's issues globally in recent decades, and the spirit of the World Conference on Women held in Beijing 30 years ago is stimulating positive change worldwide. This was stated recently by Zamira Akbagysheva, President of the Women's Congress of Kyrgyzstan, in an interview with Xinhua.

In 1995, the Fourth World Conference on Women was held in the Chinese capital, where the Beijing Declaration and Platform for Action were adopted. This year, a similar event will be held in Beijing again.

"Today, the spirit of the Beijing World Conference on Women is stimulating positive change in the world. Across countries, a shared understanding of the need and importance of gender equality is growing, and the environment conducive to women's lives and development is constantly improving," noted Z. Akbagysheva.

According to her, women from different countries should strengthen their friendship, strive for common development and progress, and continue international cooperation between women's organizations.

The President of the Women's Congress of Kyrgyzstan praised China's contribution to advancing women's issues worldwide. "China consistently allocates funds to implement the Beijing Declaration and Platform for Action. This includes assistance to developing countries in implementing projects to improve the health of women and children, supporting girls from poor families in obtaining school education, and supporting women from developing countries in obtaining vocational training," she said.

Z. Akbagysheva also thanked China for its support of women's causes in Kyrgyzstan. "The Women's Congress of Kyrgyzstan is inspired by the remarkable achievements of China, particularly in education," she said, adding that the "Educated Woman – Educated Country" project is being implemented in Kyrgyzstan with Chinese support.

At the same time, Z. Akbagysheva is particularly impressed by China's efforts to develop women in its own country. "The success of Chinese women is a shining example of governance based on the principle of 'everything for the people,'" she emphasized.

As an expert well acquainted with the situation in China, the Xinhua interviewee listed a number of achievements for women in the years since the founding of the People's Republic of China: the level of female illiteracy has significantly decreased, the life expectancy of women has increased significantly, and the share of employed women in the total employed population in the country remains at over 40 percent.

"Chinese women are playing an increasingly important role in China's socioeconomic development," noted Z. Akbagysheva. "They are also contributing to strengthening friendship and cooperation between China and Kyrgyzstan. Women from our two countries are on the same team building a community with a shared future for humanity."

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