{"id":555790,"date":"2026-03-31T08:12:07","date_gmt":"2026-03-31T08:12:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/555790\/"},"modified":"2026-03-31T08:12:07","modified_gmt":"2026-03-31T08:12:07","slug":"russian-billionaire-proposes-12-hour-work-shifts-amid-economic-changes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/555790\/","title":{"rendered":"Russian Billionaire Proposes 12-Hour Work Shifts Amid Economic Changes"},"content":{"rendered":"

Russians should consider working 12-hour days, six days a week, as the country grapples with a deeper economic shift, <\/a>Russian billionaire Oleg Deripaska said on Monday.<\/p>\n

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.<\/p>\n

“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.<\/p>\n

He argued that Russia should tap into what he described as its only real resource \u2014 a “national characteristic.”<\/p>\n

“In difficult moments, we know how to pull ourselves together and work more,” wrote Deripaska, the founder of Rusal, a major aluminum producer.<\/p>\n

Longer working hours, he suggested, could help the economy adjust more quickly to changing global conditions.<\/p>\n

“The sooner we switch to this new schedule \u2014 from 8 a.m. to 8 p.m., including Saturdays \u2014 the faster we will complete this transformation,” the industrial magnate wrote.<\/p>\n

His comments come as Russia’s economy navigates a shifting landscape shaped by geopolitical tensions and changing trade flows.<\/p>\n

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.<\/p>\n

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 \u2014 down sharply from 4.3% growth in 2024.<\/p>\n

Disruptions to tanker traffic through the Strait of Hormuz<\/a> \u2014 a critical global oil chokepoint \u2014 alongside a limited US sanctions waiver<\/a> on some Russian shipments, have reshaped trade flows as countries scramble for supplies.<\/p>\n

However, Deripaska had warned earlier this month that the conflict in the Middle East could weigh on global \u2014 and Russian \u2014 growth despite higher oil prices.<\/p>\n

Benchmark crude oil futures are over 70% higher this year and trading above $100 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"Russians should consider working 12-hour days, six days a week, as the country grapples with a deeper economic…\n","protected":false},"author":2,"featured_media":555791,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-555790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/555790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=555790"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/555790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/555791"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=555790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=555790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=555790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}