
-
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
Watch live as near-Earth asteroid Eros buzzes the Andromeda Galaxy on Nov. 30 (video) - 2
The Tradition of Stone: A Gander at Notable Structures Through the Ages - 3
New research reveals urban raccoons across the US show early signs of domestication - 4
What's The Friendliest City In The United Kingdom? - 5
Tremendous Spelunking: Cool Caverns All over the Planet
This star-forming galaxy is blowing out powerful winds topping 2 million mph
4 Must-Visit bar-b-que Eateries This Year
A trip to Colombia in my 20s turned into 8 years freelancing in South America. Here's what I'd do differently.
8 Fundamental Stages: Novice's Manual for Secure Your Android with a VPN
It Shouldn’t Be Here: Rescuers Race to Save Whale Stranded in Rare Spot
Help Your Business with Master Web based Promoting Arrangements
Tech Patterns 2023: 12 Advancements to Keep an eye Out For
'I carried my wife's body for an hour and a half' - BBC hears stories of protesters killed in Iran
Web designers for Independent ventures













