It’s bleak, man. Real “you’re a Russian landing your first job in 1989 Moscow” bleak.
In 1989 there was literally US food aid being unloaded in Moscow, so it was already bad and the future wasn't so bleak, many people were hopeful. I was born in 1996, so can't speak for the 90s, but it appears it wasn't such a bad time in the sense that people became free to talk and dream and be honest to each other. It was something dark, but pure. It was a bad time for people who were hungry. Unfortunately, while the majority was trying to somehow survive and exploring that newly gained ability to look at the world in its true colors, the minority was preparing what there is now.
But ok, I got your meaning.
The purpose of the bubble, I think (for those who are intentionally helping it), is an intentional drying of the environment for that re-industrialization they want, which requires a change in labor market. It wouldn't be a bad idea if it worked, but that is also true for Russia's shock therapy in the 90s, which didn't.
(BTW, the difference of both Yeltsin's and Putin's regimes from most of the "anti-western" world is that they were not really that, they just weren't accepted, which made them look for alternatives ; perhaps both make it seem like personal ego of the leader, but honestly what USA did in Yeltsin's time was indeed adversarial - basically they used Yeltsin's willingness to make all the leaps of faith to become a NATO member or at least an ally to snatch what's possible and humiliate Russia as possible, and then took a "we didn't sign anything" pose.)