
-
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
International issues on the agenda as Frances's Macron visits China - 2
Top 10 Arising Advances That Will Shape What's in store - 3
Step by step instructions to Guarantee Your Internet Promoting Degree Supplements Your Profession Objectives - 4
Getting breast implants was a mistake I live with every day. Why I’m sharing my story now, at 70, in pain and afraid. - 5
Israel halts defense sales to France, citing 'hostile attitude,' sources tell 'Post'
Insurance warning signs in doctors’ offices might discourage patients from speaking openly about their health
Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff
Dominating the Remote Work Way of life: Individual Systems
Russia Establishing Long-Range Drone Bases In Belarus, Warns Ukraine
Vote In favor of Your Favored Kind Of Organic product
Charli xcx teases new film ‘The Moment’: What to know about the A24 movie
Peruvian ex-President Martin Vizcarra sentenced to 14 years in prison
At least 171 measles cases confirmed in 9 states, CDC data shows
The Most Rousing Ladies Business visionaries of Today












