Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
March 16, 2023: On Wednesday, the International Energy Agency said Russia’s oil export revenues decreased sharply, prompted by bans and price caps designed to curtail President Vladimir Putin’s capacity to finance the war in Ukraine.
The IEA stated that Russia’s estimated oil export revenues decrease to $11.6 billion in the previous month, down $2.7 billion from January, when volumes were hugely higher.
“It remains to be seen if there will be a sufficient appetite for Russian oil products now that the cost cap is in place or if its production starting to decrease under the weight of sanctions. Earnings are already dwindling,” the group said in its latest oil market report.
The energy agency cited the Russian finance ministry, citing that Moscow’s financial receipts from oil sales were 45% of the level from a year.
The recent figures come shortly after the IEA stated in mid-February that the West’s oil war against Russia appeared to have the “intended effect” despite resilient production and exports in the last months.
Ukrainian officials and campaigners have called for Western policymakers to ramp up the fiscal pressure on Russia by aiming its oil earnings to help Kyiv prevail.
The European Union’s embargo on Russian oil products took effect on February 5, building on the $60 oil price cap implemented by the Group of Seven huge economies on December 5. The latter measure also mixed with a move by the EU and the U.K. to impose a ban on the seaborne transfer of Russian crude oil.
On Tuesday, asked whether he was concerned in the previous year that the Russian economy might have collapsed because of international sanctions, Putin stated that he had been worried but that Russia’s “economic sovereignty” recent was a significant result. The foundations of the economic stability were “stronger than anyone believed,” he added.
Putin stated that Russia’s financial system had got more robust and that Western companies that left Russia in the previous year thought the economy would collapse, “but it didn’t.”
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
April 08, 2025: France and Germany are delaying progress on the European Union’s proposed digital identity wallet, citing unresolved concerns over data sovereignty,
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