What year was Russia 's financial crisis ?
The 2008–2009 Russian financial crisis , part of the world Economic crisis of 2008 , was a crisis in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil , which lost more than 70 % of its value since its record peak of US$ 147 on 4 July 2008 before rebounding moderately in 2009 .