Iranian exports growing
The trade between Russia and Iran is blooming due to the boycott. Last year the trade between the countries grew by 80%. Iran already exported fruit and vegetables to Russia, but thanks to the 'green corridor', this trade has become easier. The country is also investing in the export of products from the other boycotted sectors.
Russia saves, Italy pays
Russia has saved 4 billion dollars through the boycott. This is according to the Russian minister of agriculture. "This is what we call an import subisidy: Russian products replacing products that used to be imported," according to the secretary of state. Previously, the Kremlin calculated that Russia has been able to reduce the costs food imports from 60 billion dollars to 20 billion dollars since the boycott was announced in 2014. Growth is expected for the fruit and vegetable sector in production, thanks to new greenhouses and orchards. The area of greenhouses in Russia is to rise steeply over the coming five years by almost 2,000 hectares.