“Once the government wants to go for big production lines in order to get independence we can help easily. We are in the top niche. You are getting the best of the best available today in the market. Most of the people dealing in it speak Russian or at least have a Russian accent,” he added.
Yair Shamir said that Tel-Aviv sees Western sanctions against Russia as an opportunity for Israel to advance into the Russian market. “For us it is a great opportunity. Absolutely. Even if the sanctions are reduced I believe our products will continue to flow into Russia. It will be easier to deal with us, it will be cheaper and more stable with no political price tag for what you do and what you don’t,” he added.
Shamir also expressed confidence that trade between Russia and Israel could increase rapidly in the context of current political situation.
“It can go up to a billion of dollars. Easily. Of course it will not be 40 billion that Russia used to buy from Europe. But I think we can get to a billion dollars. Easily. In the short term,” the minister mentioned.
Over the past few months, the United States and the European Union have introduced several rounds of targeted sanctions against the Russian economy, unjustifiably blaming Moscow for meddling in Ukraine’s internal affairs.
In August, Moscow was pushed to introduce protective measures banning the import of agricultural and food products from the countries that had imposed sanctions on Russia for a year.