The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on July 30, 2026, designated six entities and individuals in China, India, Russia, and Iran. The action targets multiple companies serving as general sales agents for the U.S.- and European Union-sanctioned Iranian airline Mahan Air, as well as DadeNegar Startup Studio, described by OFAC as an IRGC-affiliated front company.
Treasury said Mahan Air presents itself as a civilian carrier but has provided travel services for Islamic Revolutionary Guard Corps-Qods Force personnel, facilitated military training, and supported Iran’s procurement and transport of unmanned aerial vehicle systems and weapons. The department said the action is intended to disrupt the network supporting Mahan Air’s global operations and intensify economic pressure on Iran and the IRGC, particularly in response to attacks against regional states and commercial vessels in the Strait of Hormuz.
Those who provide financial services, logistics, or commercial support to the IRGC or Mahan Air are helping sustain a terrorist enterprise. Treasury will continue to identify them, expose them, and cut them off from the U.S. financial system.
The designated Mahan Air-related persons and entities are Shanghai Wings International Logistics Co, Tang Xin, Shanghai Elite International Travel Co, Skiez Travels and Logistics Private Limited, and Air Cargo Pro Limited. Shanghai Wings, based in China, was described as a Mahan Air general sales agent that coordinated the transport of electronics from China to Iran. Tang Xin, Shanghai Wings’ managing director, coordinated travel for Mahan Air and is the executive director and 50 percent owner of Shanghai Elite, which also represents Mahan Air in China. Skiez Travels and Air Cargo Pro serve as general sales agents in India and Russia, respectively.
IRGC Front Company and Legal Effect
OFAC said DadeNegar supported military targeting through a website that solicited locations of American and Israeli equipment. In coordination with the IRGC, the company received strike requests for U.S. targets in the Middle East. OFAC designated DadeNegar under Executive Order 13224, as amended, for materially assisting, sponsoring, or providing financial, material, or technological support for, or goods and services to or in support of, the IRGC.
The designations were made under E.O. 13224, as amended, which targets terrorist groups, their supporters, and those who aid acts of terrorism. Property and interests in property of the designated or blocked persons in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. Entities owned directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized or exempt, transactions by U.S. persons or within or transiting the United States involving blocked persons’ property are generally prohibited. OFAC said violations may result in civil or criminal penalties, and foreign financial institutions may face secondary-sanctions risks for certain significant transactions involving designated persons.