Canada has reimposed sanctions on 11 Iranian entities that it had removed from its sanctions list in February 2016. The Canadian Foreign Affairs Ministry said the move follows Iran’s failure to fulfil obligations related to its nuclear programme.
Why the sanctions were lifted and reinstated
Canada removed the 11 entities from its list in February 2016 under the Joint Comprehensive Plan of Action, the framework agreed with Iran over its nuclear programme. The removal was based on progress Iran had made on that programme at the time.
Canada also recalled Iran’s obligation under the Treaty on the Non-Proliferation of Nuclear Weapons not to develop or acquire nuclear weapons.
Which entities are affected
The listed entities include banks, energy companies, finance firms and an insurer. Among them are Bank Mellat, Bank Melli Iran and the National Iranian Oil Company, as well as the National Iranian Tanker Company.
The list also includes Kala Naft, the Naftiran Intertrade Company and the Export Development Bank of Iran. Two nuclear fuel firms, the Nuclear Fuel Production and Supply Company and the Nuclear Reactor Fuel Company, are also on the list.
Related: US sanctions eight Cuban-linked entities and two individuals
Source: Canadian Foreign Affairs Ministry
