Goods & Service Tax (GST) 31 July 2026
US Treasury Sanctions
The US Treasury Department has announced sanctions on global networks that enable Iran's Mahan Air and Islamic Revolutionary Guard Corps, targeting entities that provide goods or services in support of these groups, with the goal of disrupting their ability to operate and finance their activities, and the sanctions include Shanghai Elite and other entities that have been identified as providing support to Mahan Air and the IRGC
The US Treasury Department has imposed sanctions on several entities for their role in supporting Iran's Mahan Air and the Islamic Revolutionary Guard Corps (IRGC).
The sanctions target global networks that provide *goods or services* to these groups, including Shanghai Elite, which has been identified as a key player in the support network.
- The sanctions aim to disrupt the ability of Mahan Air and the IRGC to operate and finance their activities,
- The US government has designated these entities as *Specially Designated Nationals*,
- The sanctions also target the *Alcohol and Tobacco Tax and Trade Bureau* and the *Bureau of Engraving and Printing*
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