Following similar actions taken by the United States and the European Union, Canada today announced the implementation of its own unilateral sanctions against Iran, including controls on goods, services, technology and investments.

These measures extend well beyond the United Nations sanctions implemented several weeks ago and further described in our recent report, Sanctions Alert: The Brave New World of Doing Business with Iran, and add to the compliance burden of Canadian companies doing business internationally, particularly financial institutions and firms operating in the oil and gas sectors.

The new measures are being implemented under Canada