
-
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
'Women on the floor, riddled with bullets': Ex-hostage Rom Braslavski recounts 'horrors' of Oct. 7 - 2
Manual for Savvy Home Lighting Framework: Lights up Your Space - 3
Vote in favor of Your Number one Cake Type - 4
Washington resident is infected with a different type of bird flu - 5
The most effective method to Boost Benefits in Gold Speculation: Master Techniques and Tips
Reports: Nepal's former PM arrested over deadly protest crackdown
Wisconsin archaeologists identify 16 ancient canoes in a prehistoric lake 'parking lot'
France will build a new aircraft carrier as it increases defense spending
German finance minister seeks better market access in China talks
Iran begins cloud seeding to induce rain amid historic drought
First Greenland, now Iceland? Annexation joke by Trump ally gets frosty response in the Arctic nation.
IDF says up to 90% of Iran’s weapons industry could be hit within days
Poll: By a 2-to-1 margin, Americans say Trump has done more to raise prices than lower them
I watched the buzzy new AI documentary — and left feeling both hopeful and terrified













