Deripaska Proposes 12-Hour Workday to Save Economy
Russian billionaire Oleg Deripaska has proposed a 12-hour, six-day work week to accelerate Russia’s economic transformation, citing limited national resources as justification for increased labor. He criticized the Central Bank’s macroeconomic policies, particularly high interest rates and a strengthened ruble, arguing they stifle investment and have cost the federal budget significantly. Deripaska also warned that the ongoing Middle East conflict, despite initial price surges, will negatively impact Russia due to a projected global economic slowdown. These internal calls for radical labor shifts are occurring alongside external pressures like Ukrainian drone strikes that are paralyzing Russian energy hubs, further straining the economy.
John Q. Hosedrinker