
-
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
Zelensky sees new Russian attack threat from Belarus - 2
Met Gala 2026 will celebrate fashion as an 'embodied art form': A guide to the theme, dress code, cochairs and hosting committee of the starry event - 3
Europe’s EV Boom Was Real in 2025. The Real Fight Starts In 2026 - 4
'We were genuinely astonished': This moss survived 9 months outside the International Space Station and could still grow on Earth - 5
Uzbekistan launches €9.46 billion green energy push, covering nation’s power needs
You finally got a doctor's appointment. Here's how to get the most out of it
Remain Fit: Powerful Wellness and Work-out Schedules for a Better You
5 Family SUVs for 2024: Which One Accommodates Your Family's Needs\uff1f
What to know about cheese voluntarily recalled in 20 states
19 Strange Motion pictures You Shouldn't Watch With Your Mum
Palestinians forced from West Bank refugee camps left in limbo as Israeli demolitions go on
Instructions to Really Oversee Unsold SUVs in the Auto Business
The most effective method to Amplify Your Opportunity for growth in a Web-based Degree Program
The 10 Most Compelling Forerunners in Innovation













