UBS (a Swiss bank) doesn’t really have reason to lie about the wealth increase. Is the exchange rate thing just because rubles are less useful internationally because sanctions?
The US has inflation, and if the ruble is worth less dollars then that means Russia has even more inflation.
Obviously all our media wants to paint a picture of Russia doing terribly, but I wonder what the actual picture is. All the companies that left Russia left behind all their shit for Russia to use which if anything helps them keep more production in their own borders.