
-
Russian tycoon Oleg Deripaska is calling for 12-hour, six-day workweeks.
-
The aluminum billionaire says longer work could help Russia speed through economic upheaval.
-
He says Russia's edge is its ability to rally and work harder in a crisis.
Russians should consider working 12-hour days, six days a week, as the country grapples with a deeper economic shift, Russian billionaire Oleg Deripaska said on Monday.
Referring to what he described as a changed global reality, Deripaska framed the country's slowing economy as more than a typical downturn driven by interest rates or monetary policy.
"This crisis is deeper. It is caused by a difficult transformation: from the global opportunities we once had to regional ones, with all sorts of restrictions," Deripaska wrote in a Telegram post.
He argued that Russia should tap into what he described as its only real resource — a "national characteristic."
"In difficult moments, we know how to pull ourselves together and work more," wrote Deripaska, the founder of Rusal, a major aluminum producer.
Longer working hours, he suggested, could help the economy adjust more quickly to changing global conditions.
"The sooner we switch to this new schedule — from 8 a.m. to 8 p.m., including Saturdays — the faster we will complete this transformation," the industrial magnate wrote.
His comments come as Russia's economy navigates a shifting landscape shaped by geopolitical tensions and changing trade flows.
Russia, a major energy exporter, has been benefiting from a surge in prices, with crude markets jolted by escalating tensions in the Middle East and disruptions to key supply routes.
Oil and gas revenues have historically accounted for more than a third of Russia's federal budget, which has been under pressure from sweeping sanctions in recent years. Official estimates showed Russia's economy grew 1% in 2025 — down sharply from 4.3% growth in 2024.
Disruptions to tanker traffic through the Strait of Hormuz — a critical global oil chokepoint — alongside a limited US sanctions waiver on some Russian shipments, have reshaped trade flows as countries scramble for supplies.
However, Deripaska had warned earlier this month that the conflict in the Middle East could weigh on global — and Russian — growth despite higher oil prices.
Benchmark crude oil futures are over 70% higher this year and trading above $100 per barrel.
Read the original article on Business Insider
LATEST POSTS
- 1
Songbirds swap colorful plumage genes across species lines among their evolutionary neighbors - 2
5 Chiefs That Changed Our Opinion on Film - 3
How to track NASA’s Artemis II and Orion’s journey to the moon - 4
Instructions to Pick the Right Dental Embed Trained professional: An Exhaustive Aide - 5
Iran’s Crown Prince Reza Pahlavi backs protests: Join your fellow citizens in the streets
The Fate of Rest: Patterns in Shrewd Beds
Israel, Gulf states report fresh missile and drone attacks
The risk of falling space junk hitting airplanes is on the rise, experts warn
IDF, police arrest eleven for criminal, terror-related activity over weekend
Meet the Stars of the Feline World: Well known Pet Feline Varieties
Parents speak out as 4-year-old fights button battery injury in intensive care unit
Rediscovering Imagination in Adulthood: Individual Creative Excursions
Germany's far-right AfD tops poll ahead of Merz's conservatives
The Manual for Decent European Urban communities in 2024













