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Russian Billionaire Says 12-Hour Days and 6-Day Workweeks Could Help Save the Economy
Deripaska says Russia’s economy faces a deep transformation with a cost of over 16 trillion rubles to the federal budget from high rates and a strong ruble.
- On Monday, Russian billionaire Oleg Deripaska proposed that citizens adopt a 12-hour, six-day workweek to accelerate Russia's economic transformation, arguing that increased labor is the only way to navigate the current global crisis.
- Deripaska characterized the current situation as a "deep transformation" rather than a standard economic crisis, noting the economy faces challenges transitioning from global opportunities to restricted, regional trade.
- Under the new schedule, Russians would work from 8 a.m. to 8 p.m., including Saturdays, which Deripaska argued would help the economy adjust more quickly to changing global conditions.
- Criticizing the Central Bank, Deripaska blamed high interest rates and the "vain strengthening of the ruble" for stifling investment, estimating these policies cost the federal budget over 16 trillion rubles .
- External pressures intensify the strain, as Ukrainian drone strikes and campaigns targeting Baltic Sea ports threaten up to 40 percent of Russia's oil exports, compounding the need for labor shifts.
15 Articles
15 Articles
Russian billionaire Oleg Deripaska proposed a controversial proposal to confront the economic crisis in Russia, to establish a working day of 12 hours for six days a week.According to the businessman, the economic situation in the country is critical after more than four years of war with Ukraine and the hundreds of international economic sanctions that have impacted the stability of the country.Deripaska believes that, in the current context, a…
Russian billionaire says 12-hour days and 6-day workweeks could help save the economy
Russian billionaire and businessman Oleg Deripaska.Contributor/Getty ImagesRussian 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 billionair…
A radical solution to Russia's current economic woes has been proposed by oligarch Oleg Deripaska. He suggests extending the workweek to six days and extending the standard working hours to 12 hours a day. According to him, Russia has lost opportunities in the world and must reorient itself to the local market.
Billiard Oleg Deripasca said that Russia was in a deep crisis and urged the Russians to work "from eight to eight, including Saturday," so that the country could withdraw from it.
In order to save the economy from a new global crisis, billionaire Oleg Derapisska proposed to the Russians to move to a work programme from 8 a.m. to 8 a.m. and to work on Saturday.
In order to save the Russian economy from a new global crisis, oligarhul Oleg Derapisska proposed that the Russians go through a programme of work from 8:00 to 20:00 and work on Saturday: “We don’t have much resources. More precisely, we only have one, and it’s related to our national characteristics: in difficult times, we know how...
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