
-
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
Tributes pour in for MIT professor Nuno Loureiro amid unresolved shooting case - 2
Video of clashes over purported conscription orders misrepresented as anti-war protest in Israel - 3
SpaceX launches Starlink missions in dual-coast spaceflight doubleheader (videos) - 4
Israel approves 19 new West Bank settlements in major annexation push - 5
Taylor Swift just released the 'Elizabeth Taylor' music video — but she's not the star of it
UAE used military bases in Red Sea region to aid Israel's war against Hamas, leaks reveal
Bahrain cracks down on dissent as war grinds on
How food assistance programs can feed families and nourish their dignity
Figure out How to Establish a long term connection with Your Handshake
Best Amusement Park in Asia: Which One Is a Must-Visit
NASA begins the countdown for humanity's first launch to the moon in 53 years
Mexican Woman Accused of Assaulting Partner With Belt After He Refused Sex, Police Say
Instructions to Utilize the Towing Highlights of the Slam 1500 Productively.
Forum Dvorah demands clear support for women in combat as IDF gender debate escalates













