
-
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
10 Hints for an Effective New employee screening - 2
Novo Nordisk justifies reasoning behind failed GLP-1 Alzheimer's trials - 3
NASA’s Artemis II mission will take an astronaut crew around the Moon – a space policy expert describes the long road to launch - 4
Guinea-Bissau's coup called a 'sham' by West African political figures - 5
The Solution to Ecological Protection: Saving Nature for People in the future
Faulty glucose monitors linked to 7 deaths and more than 700 injuries, FDA warns
Instructions to Pick the Ideal SUV Size for Seniors
'Something Very Bad Is Going to Happen' is the Duffer Brothers' first project since 'Stranger Things.' It's also 'wildly insane.'
Miss Thailand Pageant Contestant's Veneers Fall Out During Speech on Stage
Best Disney Palace: Which One Catches Your Creative mind?
Trump signs bill allowing whole milk to return to school lunches
Thousands of Walgreens nasal spray bottles recalled. See which ones.
Figure out How to Pick the Right Dental specialist for Your Dental Inserts
Airport wait times won't return to normal until Congress reaches a deal to pay TSA. Here's why they still can't come to an agreement.













