Iran fulfills all its obligations under the Iranian nuclear deal, UK, China, France, Germany, Russia and the EU said in a joint statement.

The statement was read out by EU top diplomat Federica Mogherini on Tuesday,

According to her, the participants of the Iranian deal also intend to create a special mechanism for settling accounts with Tehran in order to counter the re-imposition of sanctions triggered by the US exit from the deal, DW reported. 

"Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a Special Purpose Vehicle (SPV) to facilitate payments related to Iran's exports, including oil," the statement said.