Canada Reimposes Sanctions on 11 Iranian Entities
The decision reverses Ottawa’s February 2016 move to remove the entities from its sanctions list following Iran’s commitments under the Joint Comprehensive Plan of Action (JCPOA), the 2015 nuclear agreement.
ERBIL (Kurdistan24) – Canada has reimposed sanctions on 11 Iranian entities, including major banks and oil companies, citing concerns over Iran’s nuclear program and its failure to meet international obligations.
The decision reverses Ottawa’s February 2016 move to remove the entities from its sanctions list following Iran’s commitments under the Joint Comprehensive Plan of Action (JCPOA), the 2015 nuclear agreement.
The affected entities include the National Iranian Oil Company, National Iranian Tanker Company, Bank Mellat, Bank Melli Iran, Kala Naft, and the Nuclear Fuel Production and Procurement Company.
Canada said the move follows renewed concerns over Iran’s nuclear activities, including a June 2025 International Atomic Energy Agency (IAEA) finding that Tehran was not meeting its safeguards obligations and its subsequent suspension of cooperation with the agency.
The reimposition also follows the reinstatement of UN nuclear-related sanctions in September 2025 through the JCPOA’s snapback mechanism.
Under the new measures, individuals and entities in Canada, as well as Canadians abroad, are prohibited from conducting specified financial and property transactions with the listed entities.
Ottawa said the sanctions aim to further restrict Iran’s access to sensitive technologies and sources of funding.