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137 new news items in the last 24 hours
  1. Home
  2. International

What radical measures does a Russian oligarch suggest to counter the economic crisis in Russia

Sanziana Georgescu
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30 March 2026, 17:20
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International
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Oleg Deripaska, the Russian billionaire and oligarch close to the Kremlin, has proposed that Russian citizens adopt a 12-hour work program per day, for six days a week, to cope with the global economic crisis. Deripaska emphasized that Russia's resources are limited and that a significant increase in the workforce is essential for the survival of the national economy.


He criticized the Central Bank of Russia for its policies that have led to high interest rates and a strengthening of the ruble, affecting investments. He also warned that the war in the Middle East will not benefit Russia and predicted a global economic slowdown that will impact the Russian economy.


Deripaska called for the weakening of the ruble and a reduction in the key interest rate to stimulate the economy. The economic pressure on Russia is exacerbated by Ukrainian attacks on energy infrastructure and disruptions in oil exports, which are essential for the federal budget.

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Antena3
"În momente dificile, să muncim mai mult”. Oligarhul lui Putin propune ca rușii să muncească 12 ore pe zi ca să salveze economia
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Digi24
Unul dintre cei mai bogați oligarhi ruși cere oamenilor să lucreze 12 ore pe zi, inclusiv sâmbăta pentru a salva economia
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DCNews
Un oligarh rus cere ca oamenii să fie puși să muncească 12 ore pe zi, inclusiv sâmbăta, pentru salvarea economiei

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NEWS ON THE SAME TOPICS

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The Central Bank of Russia has reduced the monetary policy interest rate, amid the economic difficulties generated by Western sanctions and the costs of the offensive in Ukraine.
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The State Development Bank of Russia has dismissed chief economist Andrei Klepaci after he warned that Russia cannot win a war of attrition in Ukraine and will face a social crisis.
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Russian oligarchs are also repatriating their assets abroad, especially in Dubai and other markets, due to the increase in asset seizures.
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The head of the Estonian intelligence service states that Russia is facing pressures on the front and in the economy: "What Putin has left are just bad options."
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Warning from the main state bank of Russia: "We are almost certain to reach a social crisis"
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The head of Russia’s largest bank, German Gref, warns that inflation in Russia is accelerating: “We are beginning to observe certain trends”
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