Russia needs to explore export revenue from products outside the energy sector as the economy braces for a long period of low oil prices, a minister said. “Unfortunately, we have entered a rather long period, when commodity prices are not as high as over the last 10-15 years,” Russian Economic Development Minister Alexei Ulyakayev lamented. Russia relies heavily on exports of oil and gas for government revenue, leaving its economy vulnerable to lower energy prices. Crude oil prices are 35 percent lower than this date in 2014. Crude oil prices are lower in part because the increase in global production is more than a weakened economy can absorb. Gazprom Neft , a division of Russian energy giant […]