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Iran's dairy exports to Russia may reach $800 million

Staff writer |
Iran's exports of dairy products to Russia may reach some $800 million in 2016, the head of Iran Dairy Industries Society said Sunday.

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On January 19, Russian agriculture watchdog Rosselkhoznadzor allowed six Iranian dairy companies to export products to Russia after proper safety inspections.

"It is expected that during the next year, Iranian dairy export to Russia will amount to at least $500 million to $800 million," Reza Bakeri said, as quoted by Iran's Mehr news agency.

Moscow and Tehran have long been developing bilateral economic relations. The cooperation intensified after Russia imposed food ban on Turkey among other economic measures, following the downing a Russian Su-24 bomber by the Turkish Air Force over Syria.