A senior lawmaker said Iran and European Union “have jointly decided” on the measures aimed to salvage the 2015 Iran nuclear deal and will announce its detail before November 4, the day the US is expected to impose its second round of sanctions against Iran.
“Europe’s activities to continue carrying out the implementation of the JCPOA have been almost determined,” Mojtaba Zonnour, a member of the parliament National Security and Foreign Policy Committee, told Mizan News Agency on Saturday.
JCPOA is the formal name of the nuclear deal; the Joint Comprehensive Plan of Action.
He said that Iran has “some reservations” regarding some of the points of these measures but added that the detail of the measures of the European countries committed to the nuclear deal will be announced before November 4.
US President Donald Trump pulled the United States out of a 2015 nuclear deal between Iran and world powers in May and is reimposing sanctions on Tehran, while other parties to the accord are trying to find ways to save the agreement.
The first round of renewed sanctions entered into effect on August 7. The unilateral US sanctions reimposed on August 7 prohibit Iran's purchase of US dollars and precious metals, part of a larger move that attempts to cut the country off from the international financial system.
A second round of US sanctions on Iran's oil and gas sector are set to go into effect on Nov. 4.
The European Union is trying to salvage the historic agreement by proposing a set of financial measures that would enable Iran to keep trade with Europe.