Canada places fresh economic sanctions on 11 Iranian businesses.
Canada has reinstated economic sanctions on 11 Iranian companies operating in the energy, nuclear, and banking sectors, citing Iran’s failure to honor its nuclear non-proliferation commitments. Foreign Affairs Minister Anita Anand announced the measures Tuesday while attending the G7 foreign ministers’ summit in Paris. The restrictions aim to disrupt Iranian financial networks and deny access to sensitive technology and funding. Canada first sanctioned these entities in 2010, then removed them from the list in 2016 after the 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear agreement. But after joint U.S. and Israeli airstrikes on Iranian facilities, Iran halted all cooperation with the International Atomic Energy Agency (IAEA) and suspended its safeguard obligations. Continued non-compliance activated a United Nations “snapback” mechanism, prompting Canada to restore the penalties in coordination with international partners. The reinstated measures prohibit people in ...