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Canada resurrects sanctions against Iranian entities - Anadolu Ajansı

Aa.Tr • November 10, 2026

Canada reimposed sanctions against 11 Iranian entities on Tuesday because the regime did not live up to commitments regarding its nuclear program.

“Canada’s position is unequivocal: Iran must never be allowed to obtain a nuclear weapon,” Foreign Affairs Minister Anita Anand said in a statement. “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 sanctions were first imposed in 2010, then removed in 2016 after officials were satisfied Iran demonstrated its nuclear program was not in pursuit of developing a nuclear weapon.

But the picture changed in June 2025, when the International Atomic Energy Agency (IAEA) reported that Iran was not complying with its promise.

The US and Israel attack in February led Iran to end its “safeguard obligations” with the IAEA, leading to the eventual reimposition of the sanctions.

In June, the G7 “reaffirmed Iran must not develop or acquire a nuclear weapon,” according to the statement.

The sanctions “further restricts Iran’s access to sensitive technologies and sources of funding under the Special Economic Measures (Iran) Regulations.”

“The regulations prohibit persons in Canada and Canadians abroad from conducting specified financial or property transactions with listed individuals and entities,” it said.

The entities sanctioned include Nuclear Fuel Production and Procurement Company; Nuclear Reactors Fuel Company; National Iranian Oil Company; Bank Mellat; Bank of Industry and Mine; Export Development Bank of Iran; Iran Insurance Company; Bank Mellli Iran; National Iranian Tanker Company; Naftiran Intertrade Company; and Kala Naft.

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The full story

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Canada Reimposes Sanctions on 11 Iranian Entities Over Nuclear Concerns On November 10, 2026, Canada announced the reimposition of sanctions against 11 Iranian entities due to their involvement in Iran's nuclear activities and ballistic missile program. The sanctions were initially lifted in 2016 following the Joint Comprehensive Plan of Action (JCPOA), but Canada cited Iran's failure to cooperate with the International Atomic Energy Agency (IAEA) as a reason for this reversal. The targeted entities include major companies such as the National Iranian Oil Company and several banks. This decision aligns with similar actions taken by Canada’s allies during the G7 Foreign Ministers’ Meeting in Paris. The sanctions aim to restrict Iran's access to funding and sensitive technologies related to its nuclear ambitions. Canada has sanctioned over 500 Iranian individuals and entities since 2010 under various acts. The situation remains tense as Iran continues to assert that its nuclear program is for peaceful purposes. 5 sources 45

Extracted Entities

Companies (11)

Bank Mellat Bank Mellli Iran Bank Of Industry And Mine Export Development Bank Of Iran Iran Insurance Company Kala Naft Naftiran Intertrade Company National Iranian Oil Company National Iranian Tanker Company Nuclear Fuel Production And Procurement Company Nuclear Reactors Fuel Company

Countries (2)

Canada Iran