Joining its American and British allies, Canada is slapping Iran with more economic sanctions to ramp up pressure to halt its pursuit of nuclear weapons, but it’s not clear if the measures will have any persuasive power over the rogue state.
Government House Leader Peter Van Loan announced the new measures to choke off the cash flow to Iran in the House of Commons Monday afternoon. Sanctions are in addition to those imposed in July 2010 and in line with those imposed by the U.S. and U.K.
“The regime in Iran poses a significant threat to regional and global peace. We will do what it takes to isolate the regime and to minimize the risk it poses to global peace,” Van Loan said.
Expanded sanctions under the Special Economics Measures Act prohibit almost all financial transactions with the Iranian government, add individuals and entities to the list of designated persons and expand the list of prohibited goods.
