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Why Russia’s Economic Inequality is Getting Worse
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UBS’s Global Wealth Report claims that Russia added $600 billion in total wealth last year, despite unprecedented sanctions being placed on them. So in this video, we’ll examine the report, Russia’s widening inequality and why that’s bad news for Russia.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
1 – https://twitter.com/witte_sergei/status/1691843201756479828
2 – https://twitter.com/RepMTG/status/1691905017802854526
3 – https://www.ubs.com/global/en/family-office-uhnw/reports/global-wealth-report-2023.html
4 – https://romir.ru/studies/romir-dolya-rossiyan-planiruyushchih-ekonomit-na-produktah-i-tovarah-pervoy-neobhodimosti-vyrosla
5 – http://www.ecineq.org/wp-content/uploads/papers_EcineqLSE/EcineqLSE-276.pdf
6 – https://www.ubs.com/global/en/family-office-uhnw/reports/global-wealth-report-2023.html
7 – https://twitter.com/zepkalb/status/1676134337769603072/photo/1
8 – https://www.theguardian.com/inequality/2017/apr/25/unequal-russia-is-anger-stirring-in-the-global-capital-of-inequality
9 – https://news.stanford.edu/2017/01/24/stanford-historian-uncovers-grim-correlation-violence-inequality-millennia/
00:00 Introduction
01:31 The UBS Report
04:23 Is Russia Getting More Unequal?
06:25 Why It’s Bad News For Russia
07:51 Ground News
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In this video, we’ll discuss what a trilateral deal (between Russia, China and the US) over Ukraine could look like, what motivates the participants and whether the meeting will even happen at all.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Source:
Trilateral meeting details
https://www.reuters.com/world/china/putin-proposes-summit-with-trump-xi-discuss-ukraine-deal-wsj-says-2026-10-19/
https://apnews.com/article/russia-ukraine-witkoff-putin-trump-zelenskyy-talks-3f00c0c6fd10bab948c2c3f8502e0a91?taid=6ad8c19bf6d6f300019ef9ee&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter
https://apec.org/who-we-are/our-members
https://www.france24.com/en/live-news/20261019-putin-xi-and-trump-could-meet-at-apec-summit-kremlin
China
https://www.csis.org/analysis/russias-turn-china-under-sanctions
https://en.wikipedia.org/wiki/China%27s_Position_on_the_Political_Settlement_of_the_Ukrainian_Crisis
https://www.dw.com/en/germanys-baerbock-says-china-can-help-end-ukraine-war/a-65566298
https://www.reuters.com/world/china/trump-says-he-is-open-joining-trilateral-meeting-with-xi-putin-2026-10-19/
https://www.mfa.gov.cn/eng./xw/zwbd/202609/t20260929_12033002.html
https://www.fmprc.gov.cn/mfa_eng/xw/fyrbt/202610/t20261020_12043752.html
Russia
https://edition.cnn.com/2026/10/20/europe/kyiv-under-pressure-as-trump-and-putin-cozy-up-analysis
https://www.bbc.com/news/articles/c0k1xj0d708o
The US
https://www.nytimes.com/2026/10/19/world/europe/trump-zelensky-putin-ukraine-war.html
https://www.youtube.com/watch?v=sP0tOwHnuSM
Ukraine
https://www.npr.org/2026/10/10/nx-s1-5996938/u-s-and-russia-tout-diesel-deal-to-ease-sanctions-and-reopen-fuel-flows
https://edition.cnn.com/2026/10/20/politics/starshield-ukraine-elon-musk
https://kyivindependent.com/its-significant-ukraine-fears-us-is-withholding-allied-funded-air-defense-supplies-to-pressure-kyiv/
https://www.france24.com/en/live-news/20261019-putin-xi-and-trump-could-meet-at-apec-summit-kremlin
Europe
https://www.reuters.com/world/europe/us-floats-unfreezing-some-russian-assets-restart-ukraine-peace-talks-ft-reports-2026-10-14/
https://www.themoscowtimes.com/2026/10/08/us-and-russia-explore-nord-stream-restart-sources-say-a93916
0:00 Can Trump, Putin and Xi Actually End the War in Ukraine?
7:20 Sponsor
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In this video, we thought we’d take a look at how it all went wrong for Macron: what he promised when he came to power, why much of it fell apart, and where France seems headed next.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Source list:
X posts:
https://x.com/EmmanuelMacron/status/2111880065088975333?s=20
https://x.com/JLMelenchon/status/2111882865197625588?s=20
https://x.com/MLP_officiel/status/2111849200379932912?s=20
France finances:
https://tradingeconomics.com/france/government-bond-yield
https://www.ft.com/content/9b252b46-a87c-45e7-a09a-45a39ce077b8?syn-25a6b1a6=1
Protest coverage:
https://www.bbc.co.uk/news/articles/crwyd02yz22vo
https://www.lemonde.fr/en/france/article/2026/10/17/france-faces-day-of-combined-protests_6758706_7.html
https://www.ft.com/content/7bd4ac59-61e6-4604-a96a-26e7096bf768?shareType=nongiftFrance
0:00 How “Macronism” Failed
7:24 Sponsor
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The Gen Z protests in France have started to spread cross-border through to Spain, Portugal, Italy, and are continuing in Albania and Serbia, so, in this video, we’re taking a look at the underlying reasons behind these protests and what happens next.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources:
Europe Gen Z Protests
https://www.lemonde.fr/en/international/article/2026/10/20/italy-spain-belgium-portugal-social-unrest-spreads-across-europe-amid-soaring-energy-prices-and-a-housing-crisis_6759435_4.html
https://www.rte.ie/news/a-european-perspective/2026/1020/1596095-spain-youth-protests/
https://www.theguardian.com/world/2026/oct/18/europe-protests-france-spain-portugal-2026-explainer
https://davekeating.substack.com/p/is-europe-about-to-have-an-1848-moment
France
https://youtu.be/D0lLgflRMKs
https://youtu.be/6Ilr4T6H9lY
https://www.bbc.co.uk/news/live/c893v4gx2e47t
Italy
https://www.theguardian.com/world/2026/oct/20/milan-luxury-shops-close-italy-to-deploy-troops-youth-protests-europe
https://timesofmalta.com/article/empty-shelves-eurospin-mosta-amid-fuel-protests-italy.1135882
Spain
https://youtu.be/HZs6eG1lB4I?si=09RhFsoQKhiA5m_t
https://www.bbc.co.uk/news/articles/cm2kej47095no
https://www.idealista.com/sala-de-prensa/informes-precio-vivienda/alquiler/madrid-comunidad/madrid-provincia/madrid/historico/
https://www.idealista.com/sala-de-prensa/informes-precio-vivienda/venta/madrid-comunidad/madrid-provincia/madrid/historico/
https://ec.europa.eu/eurostat/databrowser/view/ilc_lvps08/default/table
Portugal
https://www.france24.com/en/live-news/20261017-tents-spring-up-in-lisbon-as-portugal-housing-protests-spread
https://www.idealista.pt/media/relatorios-preco-habitacao/venda/historico/
https://www.idealista.pt/media/relatorios-preco-habitacao/arrendamento/historico/
Serbia
https://youtu.be/Fjy6mFrB4gA?si=qo4y1xYBdUSAC0LS
https://apnews.com/article/serbia-students-election-vucic-b063b0ad14261bb74ad415bfed141941
Albania
https://youtu.be/pWa-aKVUmkE?si=E9x4fgsMM6pYzrgs
https://www.bbc.co.uk/news/articles/cmy4xjlpqgd3o
00:00 – Introduction
01:01 – France
02:05 – Italy
03:08 – Spain
04:10 – Portugal
04:39 – Albania
05:57 – Serbia
06:56 – Conclusion
07:49 – Proton Mail
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We take a closer look at the state of Hungary’s economy before Magyar took office, why markets are apparently enthused, and ask whether the enthusiasm is actually merited.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to take a closer look at the state of Serbian politics, why a student protest movement gained so much ground in the first place, and whether it actually stands a chance of beating Vucic’s party.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Source list:
Student List program:
https://studenti.org.rs/en/plan/
https://x.com/studentblokade/status/2105208664881557577?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2105208664881557577%7Ctwgr%5E286dd96e36fbc96dbbcd3184e186b4f05377e279%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.danas.rs%2Fvesti%2Fpolitika%2Fstudenti-o-sankcijama-rusiji%2F
https://x.com/studentblokade/status/2055953192458834226
https://newunionpost.eu/2026/09/15/student-list-ready-serbia-elections/
Train station canopy collapse:
https://www.aljazeera.com/news/2025/11/1/mass-protests-planned-as-serbia-marks-anniversary-of-train-station-collapse
https://www.railwaypro.com/wp/president-vucic-inaugurates-novi-sad-subotica-high-speed-line/
CRTA report: https://crta.rs/en/first-interim-report-on-long-term-observation/
Snap elections:
https://www.politico.eu/article/serbia-leader-aleksandar-vucic-calls-snap-elections-after-dissolving-countrys-parliament/
https://srpske.rs/en/news/ekonomija/2026/08/02/serbia-600-million-euro-cash-handout-payment-dates
0:00 Serbian Students’ Path to Power Explained
7:40 Sponsor
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@hollygustafson4261
February 18, 2024 at 10:22 am
Lies
@hollygustafson4261
February 18, 2024 at 10:22 am
Lies
@johnc5258
February 18, 2024 at 10:22 am
When talking about another country's economic situation, it would be interesting to see them compared to the uk.
@Nonixification
February 18, 2024 at 10:22 am
Its good thats not happening in the UK. Oh wait…
@aanchaallllllll
February 18, 2024 at 10:22 am
0:30: 📊 The UBS Global Wealth Report claims that Russia added $600 billion of total wealth in 2022, leading to a rise in the number of Russian millionaires, but this should be taken with caution due to the calculation methods and currency fluctuations.
3:45: 📉 The ruble has steadily declined against the dollar, making ordinary Russians feel poorer despite an increase in Russian wealth and the number of billionaires.
6:48: 💰 High inequality in Russia could weaken the domestic market, increase reliance on hydrocarbon exports, and threaten political stability.
Recap by Tammy AI
@gezalesko3813
February 18, 2024 at 10:22 am
I feel so lucky that this and all other bad things only happen in Russia..
@craig3949
February 18, 2024 at 10:22 am
The fact Putin wants sanctions lifted is a the only clue you need
@patrikhalen460
February 18, 2024 at 10:22 am
Holy shit!!
I have never heard someone emphasize the end of a sentence the way you do! Really bad and annoying could stand it for half the vid but although it was good I had to turn it off! Started to hurt my brain!
@bombheadgames9565
February 18, 2024 at 10:22 am
Look at the value of a rubel on a 1 year timespan.. In a year the rubel will have fully stabilized .. Zero is a very stable number.
@ChaoticAndEvil
February 18, 2024 at 10:22 am
I'm Russian. I'm not a millionaire, 100% middle class, I'm not getting any poorer. Don't believe this report. 🤣 Inequality doesn't nessessarily mean that anyone, who is not a millionaire gets poorer when millionaires get even more rich. Inequality always increases, it's called capitalism, you should be familiar with it, not our invention.
@grahammidwinter9895
February 18, 2024 at 10:22 am
Russia is the richest country in the world.
@bjornhelgason1879
February 18, 2024 at 10:22 am
Cluster of russians are eliminated by clusterbombs and get no money
@katynewt
February 18, 2024 at 10:22 am
It's all by design, and by that, I mean Putin's design.
By making most of the population poorer, he can now entice young jobless men to become cannon fodder for his imperialist ambitions.
@juansanchez5001
February 18, 2024 at 10:22 am
How about here in THE U.S. and A.
@malcolmhamilton5200
February 18, 2024 at 10:22 am
It doesn't take an economist to answer a hard yes! Vlad is wasting a generation of his young people and driving out skilled and educated Russians as fast as they can leave.
@othmarbrunner9639
February 18, 2024 at 10:22 am
Maybe Putin should share his $ billions with the common nice russians
@BruceM8
February 18, 2024 at 10:22 am
Interesting and informative video, as usual. Thanks. But regarding Russia's growing inequality, I note that Russia's Gini coefficient is lower than that of the United States. So I am left confused by your premise that Russia is very unequal and becoming more unequal. (I realize the US is unequal, too, but you seem to be saying Russia is significantly worse.)
@web-navigator
February 18, 2024 at 10:22 am
No, of course not. They are getting richer and richer and richer … Well, some of them. A few.
@fabioluisguerraferreira1682
February 18, 2024 at 10:22 am
I can say that america has this syndrome too.
@martinbreznicky5871
February 18, 2024 at 10:22 am
Russian economy worse, European better. Ha ha ha.😊
@user-ut6lr5qo2z
February 18, 2024 at 10:22 am
I just bought a 18 million dollar russsian yacht for 10 million. I love putin 🎉🎉😂😂😂😂 keep driving that ruple down
@DreamyCheshire-up9rf
February 18, 2024 at 10:22 am
Still remembered NATO/EU tried to destroy Russia economy in 2022 ? Biden once wanted to turn Rubles into waste papers. Its a wonder that Russians still living a decent life.
@ThatOneGuy7550
February 18, 2024 at 10:22 am
"Russia is one of the most unequal countries in the world" not sure if you guys have some self awareness but you'd be shocked to find out what's happening in the UK
@daniellafferety4025
February 18, 2024 at 10:22 am
Better question why are Americans getting poorer. Middle class goes to lower,lower,lower rich? Or really defined as upper poor. Sort of. As in work to death is necessary.
@michealbaker8216
February 18, 2024 at 10:22 am
Why are you measuring wealth of Russian citizens in US dollars? Due to doing that you just manipulate the actual data
@johnsnowkumar359
February 18, 2024 at 10:22 am
The average person in the western hemisphere wonders why we conquered the western hemisphere by killing and deporting native Americans into reservations when Europe is beautiful and more inviting. Regions of East Europe were there to take over.
@zazaza903
February 18, 2024 at 10:22 am
I know you need to funding your chanel but your ads are too long ..l got feeling that your videos are half news half advertising sponsors pluse YouTube adds .. 😢
@jakkuwolfinsomnia8058
February 18, 2024 at 10:22 am
They’re at war, I don’t think they’re getting richer
@purplepelican
February 18, 2024 at 10:22 am
"how are Russian billionaires getting richer, while the poor are getting poorer??" That's literally what's happening everywhere in the world lol
@JustB3NJI
February 18, 2024 at 10:22 am
Rich getting richer and poor getting poorer isn't unique to Russia is it… its currently the global Norm.
@eriktopolsky8531
February 18, 2024 at 10:22 am
Not more than Brits, actually Brits are eheah of most nations in getting poorer by the day
@unagaviota
February 18, 2024 at 10:22 am
I was 5k upvote
@3XwithFatih
February 18, 2024 at 10:22 am
Speaker sounds a bit drunk today.
@Markomilic205
February 18, 2024 at 10:22 am
I have never heard so much bs in my whole life
@Markomilic205
February 18, 2024 at 10:22 am
Russia is the biggest economy in Europe by ppp standard
@nikogrujic6807
February 18, 2024 at 10:22 am
😂😂 Russia is sleeping on top of trillions of dollars !!! They didn't even touch their resources underground 😂 the richest country. 😂
@justmyownpersonalopinion
February 18, 2024 at 10:22 am
Come to America you'll see the same probably worse
@EdwardRadzinski
February 18, 2024 at 10:22 am
Russia is poorer in numbers but these numbers don't reflect everything. Russians still have almost everything for free. Free healthcare system of very good quality (definitely better that its free UK counterpart), free education of really good quality, cheapest energy possible and utility bills that would make 99% of European citizens cry. Plus restaurants and services light years ahead in terms of quality/price ratio. Infrastructure for sports and children is also on the next level compare to the every UK city I've been so far.
And it also has great growth potential.
But yeah. There is one hhhuuuuuuuuuggggggeeeee con. Very high political risks. Nobody knows what's next. That's why Russians quit trying. You can either leave or stay and numb yourself. Humans only have one life…
@messrsandersonco5985
February 18, 2024 at 10:22 am
Says, 'Russians are getting poorer'. Shows graph of a dramatic rise in the ruble. Well DONE for confusing us TLDR! You should use a 100 index with the date of the invasion as 100. Then, the graph would show the rouble at 76% indicating a loss of 23.07%.