Despite intensive efforts by the international community to engage Iran on its nuclear program, the Iranian regime refuses to comply with its international obligations, cooperate fully with the International Atomic Energy Agency, or enter into meaningful negotiations.
Canada is taking further action against the Iranian regime by expanding sanctions.
Our government has amended the Special Economic Measures (Iran) Regulations to list an additional 98 entities associated with the Iranian regime as designated persons, ratcheting up pressure on entities supporting Iran’s nuclear program, including the Iranian Revolutionary Guard Corps and the Basij paramilitary organization.
Canada’s measures also target economic sectors that indirectly support or provide funds for Iran’s nuclear program: oil and gas, mining, metals, and shipping. The amended regulations further isolate Iran from the global financial system.
These amendments align Canadian sanctions with measures adopted by our allies and partners. Canada’s clear stand against the Iranian threat further strengthens international pressure on the Iranian regime. The Iranian regime must address, with urgent and concrete action, the international community’s grave concerns over its nuclear activities.