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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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39 Comments

39 Comments

  1. @hollygustafson4261

    February 18, 2024 at 10:22 am

    Lies

  2. @hollygustafson4261

    February 18, 2024 at 10:22 am

    Lies

  3. @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.

  4. @Nonixification

    February 18, 2024 at 10:22 am

    Its good thats not happening in the UK. Oh wait…

  5. @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

  6. @gezalesko3813

    February 18, 2024 at 10:22 am

    I feel so lucky that this and all other bad things only happen in Russia..

  7. @craig3949

    February 18, 2024 at 10:22 am

    The fact Putin wants sanctions lifted is a the only clue you need

  8. @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!

  9. @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.

  10. @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.

  11. @grahammidwinter9895

    February 18, 2024 at 10:22 am

    Russia is the richest country in the world.

  12. @bjornhelgason1879

    February 18, 2024 at 10:22 am

    Cluster of russians are eliminated by clusterbombs and get no money

  13. @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.

  14. @juansanchez5001

    February 18, 2024 at 10:22 am

    How about here in THE U.S. and A.

  15. @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.

  16. @othmarbrunner9639

    February 18, 2024 at 10:22 am

    Maybe Putin should share his $ billions with the common nice russians

  17. @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.)

  18. @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.

  19. @fabioluisguerraferreira1682

    February 18, 2024 at 10:22 am

    I can say that america has this syndrome too.

  20. @martinbreznicky5871

    February 18, 2024 at 10:22 am

    Russian economy worse, European better. Ha ha ha.😊

  21. @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

  22. @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.

  23. @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

  24. @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.

  25. @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

  26. @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.

  27. @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 .. 😢

  28. @jakkuwolfinsomnia8058

    February 18, 2024 at 10:22 am

    They’re at war, I don’t think they’re getting richer

  29. @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

  30. @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.

  31. @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

  32. @unagaviota

    February 18, 2024 at 10:22 am

    I was 5k upvote

  33. @3XwithFatih

    February 18, 2024 at 10:22 am

    Speaker sounds a bit drunk today.

  34. @Markomilic205

    February 18, 2024 at 10:22 am

    I have never heard so much bs in my whole life

  35. @Markomilic205

    February 18, 2024 at 10:22 am

    Russia is the biggest economy in Europe by ppp standard

  36. @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. 😂

  37. @justmyownpersonalopinion

    February 18, 2024 at 10:22 am

    Come to America you'll see the same probably worse

  38. @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…

  39. @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%.

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Sources

Merz under pressure
https://www.ft.com/content/48e7b92b-affc-4fd0-8de1-ae8765e5c799?syn-25a6b1a6=1 
https://sg.news.yahoo.com/germanys-chancellor-friedrich-merz-under-082058887.html
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CDU dissatisfaction with Merz
https://www.spiegel.de/politik/deutschland/friedrich-merz-wie-die-cdu-an-ihrem-kanzler-verzweifelt-a-a67e797f-9d56-4d05-bbee-35cd107094f8 
https://europeanconservative.com/articles/news/merz-faces-mounting-pressure-as-reports-of-cdu-revolt-grow/
https://www.politico.eu/article/friedrich-merz-chancellor-swap-cdu-afd-germany-political-crisis/ 
https://www.dw.com/en/german-chancellor-merz-completes-cabinet-reshuffle/a-78133896 

Saxony-Anhalt election
https://youtu.be/WwX39r6et_s?si=ZEuLPV1R_cgGbnm3 
https://www.bbc.co.uk/news/articles/cpd0113082eo 

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https://youtu.be/5MfwWhJuRQk?si=lLMEhNUckaDtY6NU 
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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.

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Sources

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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/

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