Price of Urals oil almost halved in 2015

Expert of the Russian Finance Ministry Alexander Sakovich said that in 2015 the average price of Urals petroleum mix, under which the Russian Federation supplies oil abroad, was $51.23 per barrel. The expert recalled that in 2014 the same figure was $97.6 per barrel.

A much more severe drop in the price of Urals was experienced in December: $36.42 per barrel in comparison with $61.07 per barrel in December 2013.

Russia's state budget for 2016 was developed on the basis of $50 per barrel, RIA Novosti reports.