In the following, I am trying to formulate Russell's paradox and the barber's paradox as close as possible. Therefore, we have some redundant notation.
First of all, look at the Barber's paradox and notice that the following equivalence holds in the barber's village and defines a set of people:
x is shaven by the barber $\iff$ x is not shaven by x
Then let C be the set of the barber's customers (or the people who are shaven by the barber), i.e. $C = \{x\ |\ x\ \text{is shaven by the barber}\}$ (1). By our equivalence, we have $C = \{x\ |\ x\ \text{is not shaven by}\ x\}$ (2).
As we believe that the barber is a person of his village, we might ask what happens to him. So, let $b$ denote the barber, then $b\ \text{is shaven by}\ b \iff b \in C$ by (1). Also, $b\ \text{is shaven by}\ b \iff b \notin C$, by (2). Thus, we have $b \in C \iff b \notin C$. Contradiction.
Now look at Russell's paradox where we define a set of sets just like above with an equivalence:
$x$ is in $R$ $\iff$ $x$ is not in $x$
or:
$x \in R \iff x \notin x$
Now let C be the set of x in R, i.e. $C = \{ x\ |\ x \in R \}$ (1). By our equivalence, we have $C = \{x\ |\ x \notin x \}$ (2).
As we believe that $R$ is a set, we might ask what happens to $R$. We have $R \in R \iff R \in C$, by (1). Also, $R \in R \iff R \notin C$, by (2). Thus, we have $R \in C \iff R \notin C$. Contradiction.