Canada Reimposes Sanctions on 11 Iranian Entities: Full List & Impact
Canada reimposed sanctions on 11 Iranian entities, including its national oil company and two banks, reversing 2016 relief as G7 allies press Tehran.
Image: Wikimedia Commons / New Zealand Minister of Foreign Affairs
PARIS, Nov. 10 — Canada reimposed sanctions on 11 Iranian entities on Tuesday, Foreign Minister Anita Anand announced at a G7 foreign ministers' meeting in Paris, reversing relief granted a decade ago as Ottawa and its allies press Tehran over its nuclear programme and ballistic missiles.
The measures, imposed under Canada's Special Economic Measures (Iran) Regulations, target entities that Global Affairs Canada said contribute to proliferation-sensitive nuclear activities, the ballistic missile programme or the financing of malign activities. The department said they aim to restrict Iran's access to funding and sensitive technology, and to press Tehran to resume full cooperation with the agency and return to negotiations.
Key Takeaways
- Canada reimposed sanctions on 11 Iranian entities on Nov. 10, announced by Foreign Minister Anita Anand at the G7 foreign ministers' meeting in Paris.
- The list covers two nuclear-fuel firms, the National Iranian Oil Company and its tanker arm, and five banks and insurers, including Bank Melli and Bank Mellat.
- Delisted in February 2016 after progress under the 2015 nuclear deal, they return as Canada says Iran has failed to cooperate fully with the agency.
- It comes a day after President Donald Trump said the war with Iran was effectively over militarily, while the United States keeps its economic blockade in place.
Full List of the 11 Iranian Entities Under Canada's Renewed Sanctions
The renewed list spans the full chain of Iran's nuclear, energy and financial networks: two nuclear-fuel firms, four energy companies led by the National Iranian Oil Company, and five banks and insurers. Global Affairs Canada said they cover specified dealings with the listed organisations, not every transaction involving Iran.
| Entity | Sector |
|---|---|
| Nuclear Fuel Production and Procurement Company | Nuclear fuel |
| Nuclear Reactors Fuel Company | Nuclear fuel |
| Kala Naft | Energy procurement |
| Naftiran Intertrade Company | Oil trading |
| National Iranian Oil Company | Oil production |
| National Iranian Tanker Company | Oil shipping |
| Bank Mellat | Banking |
| Bank Melli Iran | Banking |
| Bank of Industry and Mine | Banking |
| Export Development Bank of Iran | Banking |
| Iran Insurance Company | Insurance |
Why Canada Lifted the Sanctions in 2016 and Why They Are Back Now
Canada removed the 11 entities from its sanctions list in February 2016, after the International Atomic Energy Agency reported that Iran had allowed verification activities and restricted its nuclear programme under the 2015 Joint Comprehensive Plan of Action, designed to keep Iran's nuclear programme exclusively peaceful.
That framework has since unravelled. In 2025, Iran's non-compliance with agency inspections triggered the reinstatement of United Nations sanctions, and Canada has now restored its own measures. The announcement coincided with the G7 foreign ministers' meeting in Paris, where Iran and Ukraine top the agenda.
How Canada's Iran Sanctions Affect Oil, Banking and the G7 Push
The sanctions strike at the financial plumbing around Iran's energy exports. The National Iranian Oil Company and its tanker arm sit at the centre of crude sales, while Bank Melli and Bank Mellat move much of the money behind them. Naming the insurer as well targets the shipping cover oil cargoes need to reach buyers.
The timing matters for markets. Oil prices fell sharply on Monday after Trump said fresh strikes on Iran were highly unlikely while talks progress, and the Canadian move signals Western economic pressure will continue as the military threat recedes.
Frequently Asked Questions
Which Iranian companies are on Canada's sanctions list?
Two nuclear-fuel firms, four energy companies led by the National Iranian Oil Company, and five banks and insurers, including Bank Melli and Bank Mellat. The full list of all 11 entities is in the table above.
Why did Canada lift sanctions on Iran in 2016?
Canada delisted them in February 2016 in recognition of Iran's progress under the 2015 Joint Comprehensive Plan of Action, after the agency reported Tehran had allowed verification and restricted its nuclear programme.
What do Canada's renewed Iran sanctions ban?
They restrict specified dealings with the 11 listed entities under the Special Economic Measures (Iran) Regulations, aiming to cut their access to funding and sensitive technology linked to nuclear work, missiles and malign financing.
How do Canada's Iran sanctions relate to the G7 meeting in Paris?
Anand announced them in Paris as G7 foreign ministers met. Global Affairs Canada said the move reinforces Canada's work with G7 partners to press Iran to meet its obligations, resume full cooperation with the agency and return to negotiations.
Anand said Canada would keep working with its G7 partners towards a comprehensive and verifiable agreement on Iran's nuclear activities.
