Foreign Ministers of the European Union are scheduled to review the Joint Comprehensive Plan of Action (JCPOA) in their Monday meeting.
The German media 'DPA', announced that the EU meeting is slated to focus on the efforts to preserve JCPOA.
Accordingly, the way to implement and maintain economic relations with Iran in spite of US unilateral sanctions on Iran will be the most important topic of the event.
However, if Europeans proved to be unable to find a solution to restore banking ties and business with Iran, Iran's pullout from the nuclear deal and resuming its nuclear program would be imminent.
Earlier, EU foreign policy chief Federica Mogherini and foreign ministers of France, Germany and the UK in a joint statement expressed full support for Iran's nuclear deal.
''We remain fully committed to the preservation and full implementation of the JCPOA, a key achievement of the global nuclear non-proliferation architecture, which is in the security interest of all,'' the statement said.
Iran's President Hassan Rouhani said on Wednesday that Iran will give a 60-day moratorium to the states parties to Joint Comprehensive Plan of Action (JCPOA) to remedy their breaches and restore Iran's interests enshrined by the international deal.
Iranian Supreme National Security Council (SNSC) in a statement announced that Iran has stopped some of its commitments under the JCPOA as of May 8, 2019.
Over the past year and after the US illegal withdrawal from Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), and its breach of the UN Security Council Resolution 2231, the Islamic Republic of Iran has shown most of its self-restraint and has given considerable opportunity on requests made by other parties to JCPOA, the statement reads.
May 8 marks the first anniversary of the US unilateral withdrawal from the Iran Deal formally known as the JCPOA endorsed by United Nations Security Council Resolution 2231.