Canada reimposes sanctions on 11 Iranian entities including NIOC and Bank Melli
10 November 2026
Sergii Figurnyi/Shutterstock.comCanada has designated 11 Iranian entities under its autonomous Special Economic Measures (Iran) Regulations sanctions regime – press release. They are:
- 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
Canada’s Foreign Ministry said they have contributed to Iran’s proliferation-sensitive nuclear activities and ballistic missile programme, or to the financing of its activities.
All 11 entities were previously listed in Canada until 2016. They were delisted in recognition of the Iran nuclear deal under the Joint Comprehensive Plan of Action (JCPOA). The JCPOA ended in 2025 when the UK, France and Germany alleged that Iran had failed to perform its obligations under it. The UN, the UK, EU and other states reimposed sanctions on Iran after its collapse.
Designation under the regulations prohibit people and entities in Canada and Canadians abroad from conducting specified financial or property transactions with listed individuals and entities. See our Canada pages for information on its autonomous sanctions regimes.
