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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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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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Since being elected, Meloni has had a major influence over the EU’s immigration policy, but the new Migration and Asylum Pact may have major consequences for Italy. So what exactly is in the new pact? And has Meloni’s hardline policy backfired?
📰 Too Long: https://toolong.news/
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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!
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Sources:
https://newsbriefing.eu/politics/meloni-hardens-migration-rhetoric-as-far-right-rival-vannacci-gains-ground
https://en.ilsole24ore.com/art/number-of-migrants-rises-repatriations-up-34-per-cent-in-the-first-six-months-AJVKjkm?refresh_ce=1
https://home-affairs.ec.europa.eu/policies/migration-and-asylum/pact-migration-and-asylum_en
https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:180:0031:0059:en:PDF
https://italytelegraph.com/posts/italy-blocks-80000-migrant-transfers-what-the-eu-pact-really-changes-for-residents
https://www.euronews.com/my-europe/2026/08/21/sweden-plans-to-send-migrants-to-italy-france-and-spain-reject-dublin-transfers
https://www.euronews.com/my-europe/2026/08/21/sweden-plans-to-send-migrants-to-italy-france-and-spain-reject-dublin-transfers
https://www.eunews.it/en/2026/08/12/five-eu-member-states-are-considering-building-a-repatriation-centre-in-uganda/
https://www.lemonde.fr/en/international/article/2024/10/04/giorgia-meloni-pushes-italy-s-migration-strategy-as-a-model_6728172_4.html
https://www.irreview.org/articles/2024/10/27/giorgia-meloni-is-offshoring-migration-to-solve-italys-immigration-concerns-now-the-rest-of-europe-is-interested-too
https://www.frontex.europa.eu/media-centre/news/news-release/frontex-irregular-border-crossings-down-26-in-2025-europe-must-stay-prepared-lyKpVb
https://www.amnesty.org/en/latest/news/2026/08/italy-disastrous-offshore-agreement-with-albania-must-serve-as-a-wake-up-call-to-end-eus-cruel-migration-plans/
https://brusselssignal.eu/2026/08/vannacci-sanchez-is-right-on-immigration-meloni-is-a-fiasco/
https://www.yahoo.com/news/politics/articles/deputy-premier-salvini-rome-not-193326174.html
https://www.euronews.com/my-europe/2026/08/21/sweden-plans-to-send-migrants-to-italy-france-and-spain-reject-dublin-transfers
https://italytelegraph.com/posts/italy-blocks-80000-migrant-transfers-what-the-eu-pact-really-changes-for-residents
https://italianismo.com.br/com-44-meloni-lidera-avaliacao-enquanto-partidos-perdem-espaco/
source
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Over the past few weeks, there have been many reports of Russian hybrid incidents across Europe. With reported drone incursions and explosives at a German airport, we’re looking into the escalating Russian hybrid war and why it no longer feels so hybrid.
📰 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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Sources:
POLITICO: Russia’s ‘hybrid’ war isn’t so hybrid
https://www.politico.eu/article/russias-hybrid-war-on-europe-is-starting-to-look-a-lot-less-hybrid/
Germany says Russia responsible for drone incident
https://www.bbc.co.uk/news/articles/c5ylm3m67n2o
https://www.lemonde.fr/en/germany/article/2026/09/01/germany-blames-russia-for-airport-drone-incident-hits-back-with-sanctions_6757058_146.html?srsltid=AfmBOorxo7cxCO7l0TFHlXxatD1xyz1S0UqgldCRST2dfYnQWOCJYFzH
EU-NATO talks on German drone incident
https://www.euronews.com/my-europe/2026/09/02/von-der-leyen-russian-drone-incidents-in-europe-are-the-new-normal
https://www.euronews.com/my-europe/2026/09/01/von-der-leyen-pledges-response-to-russian-hybrid-attacks-ahead-of-rutte-meeting
Russian hybrid warfare (Aug/Sep 2026)
https://www.aljazeera.com/news/2026/8/31/poland-opens-terror-probe-into-fire-at-drone-factory
https://www.politico.eu/article/romania-jet-blasts-drone-near-offshore-gas-production-platform/
https://www.euronews.com/my-europe/2026/08/20/nato-jets-scrambled-as-drone-enters-romanian-airspace
Analysis
https://carnegieendowment.org/europe/strategic-europe/2026/07/why-russia-could-escalate-hybrid-warfare-against-europe
https://www.atlanticcouncil.org/dispatches/where-and-how-putin-could-expand-his-war-in-europe-beyond-ukraine/
Russian drone incidents (September 2025)
https://youtu.be/bnt3CNXMPo0?si=RwEWSEx_4Vt69gSb
00:00 – Introduction
01:28 – Context
04:34 – Why It Doesn’t Feel So Hybrid
07:38 – Too Long
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After years of stagnation, German’s economy might finally look to be on the up. In this video, we’re taking a look at the latest data and ask whether Germany has finally turned the corner.
📰 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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Sources
German GDP data 2019-2025
https://www.economist.com/europe/2025/10/23/germanys-much-ballyhooed-autumn-of-reforms-is-a-damp-squib
Germany polls
https://www.politico.eu/europe-poll-of-polls/germany/
https://www.economist.com/europe/2026/08/31/how-the-alternative-for-germany-would-govern
Revised destatis data
https://www.destatis.de/EN/Themes/Economy/National-Accounts-Domestic-Product/_node.html
https://substack.com/home/post/p-211829645
IMF estimates for GDP growth in 2026
https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/EU/EURO/EUQ/IDN
Ifo institute data
https://www.ifo.de/en/facts/2026-06-18/ifo-economic-forecast-summer-2026-energy-price-increase-acting-brake-fiscal-policy
https://www.ifo.de/en/survey-results
Germany trade data
https://www.macrotrends.net/global-metrics/countries/deu/germany/trade-balance-deficit
https://tradingeconomics.com/germany/exports-to-china
https://wits.worldbank.org/CountryProfile/en/Country/DEU/Year/LTST/Summarytext
https://tradingeconomics.com/germany/exports
Indices
https://live.euronext.com/en/financial-news/german-manufacturing-growth-accelerates-august-orders-surge-pmi-shows
https://tradingeconomics.com/germany/manufacturing-pmi
https://www.ifo.de/en/survey-results
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Yesterday, Iceland held a referendum on restarting negotiations to rejoin the European Union, 13 years after negotiations were frozen. With the results now in, we’re taking a look at what happened and what it means for the future.
📰 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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Sources:
https://www.dw.com/en/icelands-eu-vote-a-nation-divided-over-europe/a-78285133
https://www.reuters.com/world/narrow-majority-icelanders-back-eu-membership-talks-poll-shows-ahead-referendum-2026-08-26/
https://www.ruv.is/english/2025-01-09-poll-majority-support-eu-negotiations-432591
https://nordics.info/show/artikel/icelands-relationship-with-the-eu
https://www.idea.int/democracytracker/country/iceland
https://newunionpost.eu/2026/02/26/iceland-referendum-eu-accession-talks/#:~:text=hold%20a%20referendum%20on%20reopening%20Iceland%E2%80%99s%20EU%20accession%20talks
https://cb.is/news-and-publications/article/monetary-bulletin-2026-3
https://www.bloomberg.com/news/articles/2026-08-19/iceland-hikes-key-rate-to-8-to-lower-risk-of-prices-spiraling
https://www.thetimes.com/world/europe/article/iceland-eu-referendum-3fqw92st9
https://thefishingdaily.com/icelandic-fishing-industry-news/icelandic-fishing-industry-points-to-ireland-in-eu-warning/
https://www.reuters.com/world/fish-ships-sovereignty-iceland-weighs-its-european-future-2026-08-19/#:~:text=defined%20Iceland’s%20independence%20since%20it%20broke%20away%20from%20Denmark
https://island-esb.is/en/kostnadur/
https://www.ruv.is/english/2026-08-29-iceland-rejects-eu-accession-talks-485377
00:00 – Introduction
01:09 – Context
03:06 – The Two Sides
05:35 – The Final Result
07:38 – Proton Mail
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Earlier this week, a trade war broke about between the US and Canada. But the EU, a more Canada-aligned ally, appears to have a pretty muted response so far. So, in this video, we’re taking a look at the escalating US-Canada trade war, how it’s pushing Canada towards the EU and how the EU is responding.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
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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!
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Sources:
US–Canada trade war
https://www.ft.com/content/7ced71c2-03b8-4569-a68d-14624a7e83f2?syn-25a6b1a6=1
https://www.ft.com/content/e3b5c236-bd5f-45c2-8ddf-5279a7375d3f?syn-25a6b1a6=1
https://www.nytimes.com/live/2026/08/25/us/trump-news-tariffs
https://www.politico.com/news/2026/08/25/us-canadian-trade-war-political-will-01048491
https://www.theguardian.com/world/2026/aug/26/wednesday-briefing-how-canada-has-turned-a-trade-dispute-into-a-defence-of-its-sovereignty
https://www.pm.gc.ca/en/news/speeches/2026/08/22/prime-minister-carney-delivers-remarks-canada-us-trade-negotiations
https://youtu.be/NhEN07dahhw?si=8f4ggIhGGdy3uAy0
Europe’s response
https://www.politico.eu/article/trade-war-mark-carney-middle-powers-alliance/
https://www.politico.eu/article/canada-mark-carney-to-attend-eus-state-of-the-union-ursula-von-der-leyen/
https://www.euronews.com/my-europe/2026/08/25/canada-walked-away-from-trump-could-the-eu-ever-do-the-same
https://www.eunews.it/en/2026/08/25/trumps-tariffs-steer-canada-towards-the-eu-which-welcomes-the-move/
Canada–EU relations
https://international.canada.ca/en/global-affairs/corporate/reports/chief-economist/annual/2025
https://www.politico.eu/article/canada-pact-defense-eu-mark-carney-partnership/
https://youtu.be/GxWtq2ZLfgs?si=_zmZ-0_vtF7EhZrk
Canadian polling on joining the EU
https://yougov.com/en-gb/articles/54662-should-canada-be-allowed-to-join-the-european-union
https://ygo-assets-websites-editorial-emea.yougov.net/documents/Canadians__Opinions_on_Politics_poll_results_syetMgu.pdf#page=3
https://www.theglobeandmail.com/politics/article-canadians-support-becoming-member-european-union-nanos-poll/
source
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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%.