OFAC targets Mahan Air agents and IRGC front company

WASHINGTON, July 30, 2026 — The US Treasury Department imposed sanctions on five companies and one individual accused of supporting Iranian airline Mahan Air or providing targeting assistance to the Islamic Revolutionary Guard Corps.

The Office of Foreign Assets Control designated Mahan Air sales and logistics agents in China, India and Russia. Treasury said the airline has transported IRGC-Quds Force personnel, supported military training and facilitated Iran’s procurement and movement of drones and weapons.

The sanctions targeted China-based Shanghai Wings International Logistics Co. and its managing director, Tang Xin, also known as Mike Tang. Treasury said Shanghai Wings coordinated electronics shipments from China to Iran and travel for Mahan Air.

Shanghai Elite International Travel Co., which Treasury said is 50% owned by Tang and represents Mahan Air in China, was also designated. India-based Skiez Travels and Logistics Private Limited and Russia-based Air Cargo Pro Limited were sanctioned for serving as the airline’s general sales agents.

OFAC separately designated Iran-based DadeNegar Startup Studio, describing it as an IRGC-affiliated front company that used a website to solicit the locations of U.S. and Israeli military equipment. Treasury alleged the company received requests for strikes against American targets in the Middle East in coordination with the IRGC.

The designations were imposed under Executive Order 13224, as amended, which targets terrorists and those providing them with financial, material or technological support.

Property and interests in property belonging to the designated parties that are within the United States or controlled by U.S. persons must be blocked and reported to OFAC. Companies owned 50% or more by blocked persons are also generally blocked.

Treasury warned that foreign financial institutions facilitating significant transactions for the designated parties could face secondary sanctions, including restrictions on access to U.S. correspondent banking services.