Russian oil falls by almost two times since beginning of 2015

REUTERS

"In August 2015, the average price of Urals oil was $45.63 a barrel. A year ago, the price was $101.09 a barrel. Thus, the price fell by 2.2 times," Sakovich said.

Read alsoRussia's financial system to collapse at $22.5 for oilIn 2014, the average price of Urals oil was $97.60 a barrel or 9.5% lower than in 2013, when the price was $107.88 a barrel, he said.