Their GDP PPP might be higher than the most but that's just an indicator among many others, means little on its own. Though for Russia, money isn't the only problem as their industrial base is generally weak. They can't seem to develop their existing naval yards and facilities no matter how long they plan. Just look at their naval modernization projects and see the mess they have to deal with. When it comes to shipbuilding, you can regularly read about funding problems.
Here is an annual piece on CGN Admiral Nakhimov's progress (Project 11442):
Russia's shipbuilding is still much better than Turkey's, which is having trouble building a puny 3000 ton frigate despite significant import of components such as radar, gun, engines.