On February 5, 2016, Global Affairs Canada issued a news release announcing Canada has amended its economic sanctions against Iran. These amendments were issued under the Canada Special Economic Measures Act and the United Nations Act.
According to the notice, “Canada has therefore amended its broad-reaching autonomous sanctions against Iran to allow for a controlled economic re-engagement, including lifting the broad ban on financial services, imports and exports.”
Canada currently maintains strict restrictions on exports to Iran, but have advised that a case-by-case review of all export permit applications will be considered, while items contained on the Export Control List, will most likely be denied.
The news release can be accessed at:
