
-
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
Understanding Preschool Projects: Cultivating Abilities and Advancement - 2
Presenting Nintendo's New Pastel Satisfaction Con Tones for Switch Gamers: 3 Upscale Choices - 3
Fireball sightings are surging across the US — here's what's really going on - 4
New peace laureate: Iran's arrest of Mohammadi 'confession of fear' - 5
Sentimental tree to shine at Arctic League annual broadcast
Instructions to Perform Fundamental Upkeep on Your Slam 1500.
Air New Zealand cuts flights and hikes fares as fuel prices surge
Multi-million-euro win in Spanish lottery in doubt due to oversight
Going on a bad date is a drag. Worse? Ending up as a cautionary tale on TikTok.
Experience Is standing by: History's Most noteworthy Travelers
Philippines evacuates 3,000 villagers after volcano activity raises alert level
Figure out How to Remain Informed about the Most recent Open Record Extra Offers
What's inside Mexico's Popocatépetl? Scientists obtain first 3D images of the whole volcano
Latvia seeks emergency UN meeting over Russian missile attack on Lviv













