
-
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
Full Supreme Court to hear challenge to Judicial Selection Committee law - 2
Hitting the brakes: Hubble Space Telescope watches doomed comet reverse its spin - 3
Artemis II's moonbound toilet is working again to astronauts' relief after overnight fix - 4
'All's Fair,' Ryan Murphy's new show starring Kim Kardashian, hit with scathing reviews: 'A girlboss fever dream' - 5
West Bank man indicted for extortion, impersonation of IAF pilot, Mossad agent, illegal entry
Watch interstellar comet 3I/ATLAS make its closest approach to Earth in free livestream on Dec. 18
Al-Sharaa denies he called for 80% of Syrians to return from Germany
This Miraculous, Cliff-Perched Town In The South Of France Is A Sacred European Gem
Korean Air takes emergency action as fuel prices soar
Lily Allen 2026 'West End Girl' arena tour: How to get tickets, prices and more
Germany's Bundestag extends two armed forces missions abroad
The most effective method to Redesign the Sound Framework in Your Smash 1500.
SpaceX launches Starlink satellites on its 150th Falcon 9 mission of the year
Taylor Swift changes 2 song lyrics on 'Reputation' on the night of her Eras tour documentary premiere











