As reported by Censor.NET citing TASS, this was announced by Russia's Economic Development Minister Alexey Ulyukayev.
"Following the market's logic, the less it declines today, the more chances of its rebound tomorrow. That's not the biggest risk. The biggest risk is that low prices might last for a long time, I mean years and decades," he said.
"For commodity economies like that of Russia the period of low raw material prices will be lengthy. I cannot say whether this is the low stage of the global row cycle time or the new norm. But I am certain this is a very long time," the minister stressed.