EU has 60 days time to meet its commitments: Official

According to the nuclear deal, known also as the Joint Comprehensive Plan of Action (JCPOA), if one side of the nuclear deal does not meet its commitments and violates the deal, Iran can suspend parts of its obligations or all of them, Director General of the Peace and International Security Department at Iranian Foreign Ministry Reza Najafi said. 

He made the remarks in an exclusive interview with Islamic Republic News Agency (IRNA).

Former Iranian ambassador to the International Atomic Energy Agency (IAEA) said that Iran's measure to wriggle out of part of its commitments is based on the Joint Comprehensive Plan of Action (JCPOA) articles to reciprocate clear violation of the deal by the US and other sides and Iran has only suspended a small part of its obligations.

The official noted that Iran's measure does not mean withdrawal from the nuclear deal.

He referred to the US withdrawal from the nuclear deal on May 8, 2018, and said that Iran waited for one year, hoping that the other sides will fulfill their promises.

The European countries will have a 60-day time to fulfill their commitments, in particular, in the fields of banking and oil, Najafi added.

He said that if the Europeans meet their commitments, Iran will resume execution of those parts of the JCPOA that has been suspended.

Iran's President Hassan Rouhani said on Wednesday that Iran will give a 60-day moratorium to the states parties to JCPOA to remedy their breaches and restore Iran's interests enshrined by the international deal.

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.