India, March 31 -- Russian billionaire Oleg Deripaska is worried about the country's slowing economy, and has one possible solution to address the issue. Deripaska said on Monday that Russians should work 12-hour days, six days a week to save the economy.

According to a Business Insider report, the billionaire, who began his career as a metals trader, said that Russia's slowing economy is not a temporary downturn caused by 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 said in a Telegram post.

The Russian argued that his country needed to take advantage of its only real resource - a "national char...