Iranians burn a U.S. flag during a protest against President Donald Trump's decision to walk out of a 2015 nuclear deal, in Tehran, Iran, May 11, 2018. REUTERS/Tasnim News Agency
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Russia and China moved Thursday to extend their economic influence in Iran, while Europeans are finding it harder to ignore U.S. efforts to isolate Tehran economically. In one of the most concrete moves yet against renewed U.S. efforts to choke off Iran economically, a Russian-led trade bloc signed an interim trade deal with Iran and signaled plans to negotiate a free trade zone. Earlier this month U.S. President Donald Trump controversially pulled Washington out of an international deal with Iran that placed limits on its nuclear program in return for easing economic sanctions.Russian firms have less to lose from bucking U.S. sanctions.Russian companies also traded with Iran when U.S. sanctions were in place before the deal.
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