On 8 May the United States announced that it was pulling out of the Joint Comprehensive Plan of Action (JCPOA), a deal unanimously endorsed by the UN Security Council Resolution 2231, and would reintroduce economic sanctions on Iran.
Since the announcement by the United States, the European Union and its partners have shown their strong commitment to continue the implementation of the deal, including continuing to normalise trade and economic relations with Iran.
Following last night's ministerial meeting, Mogherini said: "We reaffirmed together our resolve to continue to implement the nuclear deal in all its parts, in good faith, and in a constructive atmosphere, and we agreed to continue to consult intensively at all levels and also with other remaining participants of the Joint Commission to the JCPOA".
A Joint Commission meeting will be held in Vienna next week as a follow up, to continue working on key areas of implementation of the JCPOA. To strengthen the deal, the EU and partners have further committed to the following practical measures: maintaining and deepening economic relations with Iran; the continued sale of Iran's oil and gas condensate petroleum products and petrochemicals and related transfers; effective banking transactions with Iran; continued sea, land, air and rail transportation relations with Iran; provision of export credit and special provisions in financial banking to facilitate economic and financial cooperation and trade and investment; further Memoranda of Understanding and contracts between European companies and Iranian counterparts; further investments in Iran; the protection of European Union economic operators and ensuring legal certainty; and finally further development of a transparent, rules-based business environment in Iran.
The JCPOA remains high on the EU agenda and was discussed further at the European Commission's College meeting today. High Representative Mogherini will brief the Heads of State and Government of the 28 EU Member States this evening at the leaders' dinner in Sofia, and Iran will also be on the agenda at the next Foreign Affairs Council at the end of May.
"We are determined to ensure that the JCPOA stays in place. We know it is a difficult task, but we are determined to do that and we have started to work to put in place measures that help to ensure that this happens. This is true on the European side and we have seen the same willingness and determination on the Iranian side," said Mogherini.