Canada Reimposes Sanctions on 11 Iranian Entities Over Nuclear and Missile Programs

Canada has reimposed sanctions on 11 major Iranian entities to prevent them from financing Iran’s nuclear activities and ballistic missile program. Foreign Affairs Minister Anita Anand announced the measures during the G7 foreign ministers’ meeting in Paris, saying Canada would not allow Iran to develop nuclear weapons under any circumstances.

Ottawa had removed these entities from its sanctions list in 2016 following the 2015 international nuclear agreement. However, the sanctions have now been reinstated due to Iran’s failure to cooperate with the International Atomic Energy Agency (IAEA) and violations of its commitments under the agreement.

The sanctions target major Iranian oil companies, large banks and state-owned nuclear fuel production organizations. Under the new measures, individuals living in Canada and Canadians abroad are prohibited from conducting any transactions with these entities.