With Russian oil output lower in the second quarter, the country’s prime minister said there are still negative pressures building on the economy. Russian Prime Minister Dmitry Medvedev said there are a number of economic sectors in Russia that are performing well, though the economy needs to diversify away from oil and natural gas as a source of income. “The situation on global financial markets is still unfavorable for us,” he was quoted as saying by Tass . The Central Bank of Russia estimated second quarter gross domestic product could decline between 0.2 percent and 0.5 percent. With oil prices holding at about 50 percent of 2014 levels, the prime minister said a sustainable Russian economy can no longer depend on the sale of […]