Iran Press/ Europe: Federica Mogherini in an interview with 'livemint website' answering to a question about using of 'special-purpose vehicle' (SPV) to saving the Joint Comprehensive Plan of Action (JCPOA) with Iran and possibility of working this mechanism to maintaining trade with Iran and countering US sanctions, said: "We are working, as a union of 28 member states and with the rest of the international community, to preserve a nuclear agreement that has so far been implemented in full, as certified by the International Atomic Energy Agency in 13 consecutive reports."
High representative of the European Union for Foreign Affairs and Security Policy added: "We do this because of our collective security, and the JCPOA is delivering precisely on that purpose. I start by saying this because I often hear that, on this issue, Europe is motivated mainly by economic or trade considerations. That is not the case: we do this to prevent a nuclear non-proliferation agreement that is working from being dismantled, and to prevent a major security crisis in the Middle East."
On Nov. 19, European Union Foreign Policy Chief Federica Mogherini said: "Work is continuing on the special purpose vehicle (SPV) aimed at facilitating trade with Iran following the re imposition of US sanctions on the country, but gave no specific date as to when it is going to be implemented."
Federica Mogherini stated: "Part of this work requires us to guarantee that firms wanting to do legitimate business with Iran are allowed to do so. This is what we are working on right now: tools that will assist, protect, and reassure economic actors pursuing legitimate business with Iran. It is true that this situation has triggered a conversation on European economic sovereignty. We Europeans cannot accept that a foreign power —even our closest friend and ally—makes decisions over our legitimate trade with another country. This is a basic element of sovereignty, and it is only natural that this reflection takes place, not only in Europe but in other parts of the world, too."
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Europe’s political support of JCPOA is not enough: Araqchi
On Dec 19, 2018, Iran's Deputy Foreign Minister for Political Affairs, Seyyed Abbas Araqchi emphasized that Europe’s political support of JCPOA is praiseworthy, but it is not sufficient.
On May 8, the US president pulled his country out of the JCPOA, which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).
Following the US exit from JCPOA, Iran and the remaining parties launched talks to save the accord.
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