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Canada Revives Blacklist Against 11 Iranian Oil, Banking Firms

Canada has renewed economic restrictions on 11 Iranian companies, restoring measures that were lifted nearly a decade ago as tensions over Tehran’s nuclear and missile programmes remain a concern.

The affected entities include the National Iranian Oil Company, Bank Mellat and Bank Melli, which were among organisations removed from Canada’s sanctions list in 2016.

In announcing the decision on Tuesday, Canada’s Foreign Ministry said the restrictions were designed to disrupt financial networks supporting Iran’s nuclear programme. The companies were also linked to activities involving the country’s ballistic missile development and the financing of what Ottawa described as malign activities, Channels Television reported.

The announcement came on the sidelines of the Group of Seven (G7) meeting in Paris, where Canada outlined its renewed sanctions measures against the Iranian entities.

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