Canada reimposes sanctions in opposition to 11 Iranian corporations

News

By Linda Ikeji
10 November 2026, 5:53 pm

Canada’s overseas ministry introduced the measures on the sidelines of the G7 assembly in Paris, saying they had been supposed “to disrupt Iranian financial networks supporting its nuclear program”. All 11 entities had been faraway from Canada’s sanctions checklist in 2016 after worldwide inspectors reported that Iran had taken steps to fulfill its commitments beneath the 2015 nuclear deal.

The entities are the Nuclear Fuel Production and Procurement Company, Nuclear Reactors Fuel Company, Kala Naft, Naftiran Intertrade Company, National Iranian Oil Company, National Iranian Tanker Company, Bank Mellat, Bank Melli Iran, Bank of Industry and Mine, Export Development Bank of Iran and Iran Insurance Company.

The measures had been reinstated beneath Canada’s Special Economic Measures (Iran) Regulations. Ottawa stated they’d additional prohibit Iran’s entry to delicate know-how and funding. The laws prohibit individuals in Canada and Canadians overseas from finishing up specified monetary or property transactions with listed people and entities.

Canada first imposed sanctions beneath these laws in July 2010, in session with companions together with the United States and the European Union, citing Iran’s failure to fulfill its worldwide nuclear obligations. As a non-nuclear-weapon state beneath the Treaty on the Non-Proliferation of Nuclear Weapons, Iran is obliged to not develop or purchase nuclear weapons.

In July 2015, China, France, Germany, Russia, the United Kingdom and the United States, along with the European Union, reached an settlement with Iran generally known as the Joint Comprehensive Plan of Action (JCPOA). Endorsed by UN Security Council Resolution 2231, the deal imposed limits on Iran’s nuclear programme and expanded verification by the International Atomic Energy Agency (IAEA), together with via the Additional Protocol, in change for sanctions reduction.

The IAEA reported in January 2016 that Iran had allowed verification actions and brought steps to limit its nuclear programme beneath the settlement. Canada eased its personal sanctions the next month in coordination with worldwide companions, eradicating the 11 entities from its checklist.

In June 2025, the IAEA Board of Governors discovered that Iran was not complying with its safeguards obligations and known as on Tehran to cooperate totally with inspectors. The following month, after Israeli and US assaults on Iran, Tehran suspended cooperation with the company, additional limiting its capacity to observe and confirm nuclear actions.

France, Germany and the UK invoked the settlement’s “snapback” mechanism in August 2025, citing Iran’s manufacturing of extremely enriched uranium and inadequate cooperation with the IAEA. The transfer led to the reinstatement of UN nuclear-related sanctions in September. Canada amended its separate laws implementing UN resolutions on Iran that month to present impact to these measures.

In June 2026, the G7 reaffirmed that Iran should not develop or purchase a nuclear weapon and known as for limits on uranium enrichment and efficient IAEA verification.