Canada’s Russia and Iran Sanctions: What the G7 Packages Cover

WarBrief Live | November 11, 2026 | Sanctions

Canada announced two sanctions packages at the G7 foreign ministers’ meeting in Paris: fresh measures against Russia on November 9, 2026, and the reimposition of sanctions on 11 Iranian entities on November 10, 2026. Together, they target Moscow’s missile supply chain and Tehran’s nuclear and financial networks.

What Canada announced in Paris

Foreign Minister Anita Anand announced the Russia package on November 9, 2026, on the margins of the G7 Foreign Ministers’ Meeting in Paris, under Canada’s Special Economic Measures (Russia) Regulations. A day later she announced the Iran relisting under the Special Economic Measures (Iran) Regulations, also from the Paris meeting. Since 2014, Canada has sanctioned more than 3,500 individuals and entities and over 700 vessels over Russia’s violation of Ukraine’s sovereignty and territorial integrity, according to the Canadian government. For context on how Washington’s own sanctions picture has shifted, see our analysis of Iran replacing Russia as America’s top sanctions target.

The Russia package: 38 entities and 24 individuals

The November 9 package adds 38 entities and 24 individuals to Canada’s Russia sanctions lists. According to Global Affairs Canada, the listings target elements of Russia’s defence industrial base, including actors involved in ballistic-missile technology development and Russia’s cyber activities, plus financial enablers, including crypto exchanges, that help sustain Russia’s war economy. Anand said the sanctions would help constrain Russia’s capacity to strike civilian targets in Ukraine. “Canada is taking action to undermine Putin’s capacity to strike Ukrainian cities with its missiles,” she said. “We remain steadfast in our support for Ukraine and will continue to impose costs on Russia until it ends its aggression and respects Ukraine’s sovereignty and territorial integrity.” The crypto angle is not new to Canadian enforcement: a recent US-led operation also targeted crypto exchange MEXC and eight Canadian money services accused of moving funds for sanctioned actors.

The Iran relisting: 11 entities return to the list

On November 10, Canada reimposed sanctions on 11 Iranian entities delisted in February 2016, when Iran’s progress under the 2015 Joint Comprehensive Plan of Action (JCPOA) was recognised. The relisted entities span nuclear fuel, oil, banking and insurance: the Nuclear Fuel Production and Procurement Company, the Nuclear Reactors Fuel Company, Kala Naft, Naftiran Intertrade Company, the National Iranian Oil Company, the National Iranian Tanker Company, Bank Mellat, Bank Melli Iran, the Bank of Industry and Mine, the Export Development Bank of Iran, and the Iran Insurance Company. Canada said the entities contributed to Iran’s proliferation-sensitive nuclear activities and ballistic-missile programme, or to financing its malign activities, and that the measures aim to disrupt Iranian financial networks supporting its nuclear programme. The relisting follows the reinstatement of UN sanctions on Iran in September 2025, which Canada implemented the same month, and the G7’s June 2026 reaffirmation that Iran must not develop or acquire a nuclear weapon.

What the measures do, and what to watch next

Listing under Canada’s Special Economic Measures regulations prohibits persons in Canada and Canadians abroad from conducting specified financial or property transactions with the listed individuals and entities. For Russia, the practical effect is to cut named defence-industry and cyber actors, plus their financial enablers, out of Canadian financial channels and to signal allied banks to treat them as high-risk counterparties. For Iran, the relisting restores restrictions on some of the country’s largest energy and banking names, further restricting their access to sensitive technologies and funding. Neither package is a trade embargo on its own. This entry is educational only and is not legal advice. For readers in the US, UK and EU, the direct legal effect is limited, but G7 packages announced together tend to converge, with allies listing overlapping entities and banks applying the strictest standard across jurisdictions. Watch whether the EU or the United States mirror either package, whether the G7 meeting produces a joint statement on Iran, and whether any of the 62 newly listed Russian individuals and entities appear in allied lists in the coming weeks. The fuller picture is tracked on our Sanctions Tracker hub.

Frequently asked questions

What did Canada announce on November 9, 2026?
Canada listed 38 entities and 24 individuals under its Russia sanctions regulations, targeting the defence industrial base, ballistic-missile technology development, cyber activities and financial enablers including crypto exchanges. The announcement was made by Foreign Minister Anita Anand at the G7 foreign ministers’ meeting in Paris.

Which Iranian entities did Canada relist on November 10, 2026?
Eleven entities delisted in 2016 under the nuclear deal: the Nuclear Fuel Production and Procurement Company, the Nuclear Reactors Fuel Company, Kala Naft, Naftiran Intertrade Company, the National Iranian Oil Company, the National Iranian Tanker Company, Bank Mellat, Bank Melli Iran, the Bank of Industry and Mine, the Export Development Bank of Iran, and the Iran Insurance Company.

Why were the Iranian entities delisted in 2016?
They were removed from Canada’s sanctions list in February 2016 after the International Atomic Energy Agency reported that Iran had restricted its nuclear programme under the 2015 Joint Comprehensive Plan of Action. Canada reimposed the measures in November 2026, citing Iran’s nuclear and ballistic-missile activities and the reinstatement of UN sanctions in September 2025.

Do Canadian sanctions affect people outside Canada?
They bind persons in Canada and Canadians abroad, who are barred from specified financial and property transactions with listed entities. People and companies elsewhere are not directly bound, but allied banks and businesses often apply the same restrictions in practice, and G7 partners frequently list the same entities.

Sources

• Global Affairs Canada: Minister Anand announces additional sanctions to reduce Russia’s missile capabilities and raise economic costs
• Global Affairs Canada: Canada reimposes sanctions against 11 Iranian entities
• Ukrinform: Canada announces new sanctions against Russia
• Dawn (AFP): Canada reimposes sanctions against 11 Iranian companies