Home Business Canada Reimposes Sanctions Against 11 Iranian Companies
Canada Reimposes Sanctions Against 11 Iranian Companies

Canada Reimposes Sanctions Against 11 Iranian Companies

by Alma Deeboh
0 comment

A CN train car is seen near the Port of Montreal with rollercoasters from the Six Flags theme park in the background, in Montreal, Canada, on February 3, 2025. US President Donald Trump paused tariffs on Mexico for one month after last-minute talks Monday — but there was no breakthrough yet in negotiations with Canada on an issue that has sparked fears of a global trade war. (Photo by ANDREJ IVANOV / AFP)

Canada on Tuesday said it was reimposing sanctions against 11 Iranian companies in the energy and banking sectors for contributing to the Islamic republic’s nuclear drive, ballistic missile programme or the financing of “malign activities”.

The companies, which include the National Iranian Oil Company and leading banks Mellat and Melli, were delisted from Canadian sanctions in 2016. But the measures have now been reimposed “to disrupt Iranian financial networks supporting its nuclear program”, the Canadian foreign ministry said in a statement on the sidelines of the G7 meeting in Paris.

AFP


STAY INFORMED

NAIJA CONNECT

Every week, discover the stories of progress at home and excellence around the world.







Channels Television


Get our top curated news and video highlights


Follow on WhatsApp






Channels Television


Join our official Telegram feed for real-time news updates


Join on Telegram


Spread the love

You may also like

The youtHouse reporters, also known as “the Great Green Parrot”- (GGP), is the pioneer, biggest and most active Digital /Online News Outfit and Information Sharing Channel of the Nigerian Youth and Student Community, established in Year 2020 to champion a new order of Creativity and Innovations in Youth Development across the Country and in the Diaspora.

@2025 – All Right Reserved. Designed and Developed by Purpledigit Ltd.