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Russian firms to benefit from U.S.-Iran row

AFP MOSCOW (AFP-Jiji) — While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of U.S. sanctions than Europe and its companies could even benefit from the move.

“The deal and the lifting of sanctions in 2015 marked the return of European business to Iran. But it’s unlikely they can keep doing business today, giving room to Russia,” said independent political scientist Vladimir Sotnikov. “Russia can now go ahead at full speed,” he added.

Russia and Iran once had difficult relations, but have seen ties improve since the end of the Cold War.

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