Canada restored sanctions on 11 Iranian entities on Tuesday, including major banks and state oil companies. Foreign Affairs Minister Anita Anand announced the decision in Paris during a meeting of Group of Seven foreign ministers.
Global Affairs Canada said the entities were listed for supporting sensitive nuclear activities, Iran’s ballistic missile program or related financing. Reuters corroborated the announcement.
Who is covered
The Canadian government’s list includes the National Iranian Oil Company, the National Iranian Tanker Company, Bank Mellat and Bank Melli Iran. Ottawa had removed all 11 entities from its list in 2016 in recognition of Iran’s progress under the international nuclear agreement known as the Joint Comprehensive Plan of Action.
The listings bring those entities back under Canada’s Iran sanctions framework, which restricts dealings in property and certain financial services involving listed entities. The restrictions apply to people in Canada and Canadians abroad, subject to the regulations’ exceptions.