The European Union moves to protect firms from U.S. sanctions

European Union leaders are making moves to protect European companies from U.S. sanctions as foreign policy differences between the EU and U.S. continue to drift apart, the Wall Street Journal reports.

The state of play: The EU has long opposed sanctions against countries such as Russia, Iran and Cuba and with the U.S. pulling out of the 2015 Iran nuclear deal, sanctions could return, with European firms likely paying premium.