Canada reimposes sanctions on Iran for violating nuclear non-proliferation commitments
Canada is reimposing sanctions on 11 Iranian energy and financial organizations for the regime's failure to meet promises related to its nuclear program, its ballistic missile development and its ongoing financing of violence beyond its borders.
11 Iranian energy, financial organizations removed from sanctions list in 2015 hit again
Peter Zimonjic · CBC News
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Canada is reimposing sanctions on 11 Iranian energy and financial organizations for the regime's failure to meet promises related to its nuclear program, its ballistic missile development and its ongoing financing of violence beyond its borders.
"Canada's position is unequivocal: Iran must never be allowed to obtain a nuclear weapon," Foreign Affairs Minister Anita Anand said in a statement Tuesday.
"We will continue to work with our G7 partners and the broader international community toward a comprehensive, verifiable and durable agreement that addresses Iran’s nuclear program and strengthens regional and international security."
The entities being hit with these punitive measures were removed from Canada's sanctions list in 2016 in recognition of the regime's efforts to ensure its nuclear program remained strictly peaceful.
In June of 2025, the International Atomic Energy Agency (IAEA), which acts as the world's nuclear watchdog, said Iran was no longer complying with its obligations under the Nuclear Non-Proliferation Treaty (NPT).
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When the U.S. and Israel attacked Iran in February, the regime suspended all of its co-operation with the IAEA, which prevented the agency from monitoring Iran's nuclear activities.
The federal government said the reimposition of sanctions is aligned with Canada's international partners and their efforts to "disrupt Iranian financial networks supporting its nuclear program."
The entities being sanctioned include:
- 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.
- Iran Insurance Company.
Global Affairs Canada said these entities were also being sanctiond for contributing to the regime's "ballistic missile program or to the financing of its malign activities"
Global Affairs Canada said the sanctions prohibit people in Canada and Canadians living abroad from engaging in financial or property transactions with the 11 entities that were returned to the sanctions list Tuesday.
Anand's announcement marks the 25th round of sanctions against the regime, targeting 237 Iranian citizens and another 276 Iranian organizations, the government said.
ABOUT THE AUTHOR
Peter Zimonjic is a senior writer for CBC News who reports for digital, radio and television. He has worked as a reporter and columnist in London, England, for the Telegraph, Times and Daily Mail, and in Canada for the Ottawa Citizen, Torstar and Sun Media. He is the author of Into The Darkness: An Account of 7/7, published by Vintage.
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