
-
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
Investigating the Financial History of the World: A Succinct Outline - 2
The Most Astonishing Arising Advancements to Watch - 3
IDF destroys two-kilometer-long Gaza terror tunnel in Beit Lahiya - 4
The Main 15 Applications for Efficiency and Association - 5
Met Gala 2026 will celebrate fashion as an 'embodied art form': A guide to the theme, dress code, cochairs and hosting committee of the starry event
Hezbollah field commander killed in IDF strikes in Beirut
Instructions to Pick the Best Course for Your Next Waterway Voyage: Objections, Views, and Social Encounters
10 Demonstrated Tips to Boost Your New Android Cell phone: A Thorough Aide
How to Build a Yard That Helps Monarchs During Spring Migration
Vaccine exemptions for religious or personal beliefs are rising across the U.S.
The most effective method to Beat Dental Tension and Guarantee Customary Exams
IDF bans Android phones for senior officers, iPhones now mandatory, Army Radio reports
Aspect Biosystems receives funding for cellular medicine project
Longtime United Launch Alliance CEO Tory Bruno resigns from space company. 'Finished the mission I came to do.'













