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OFAC designates Shanghai-based company under Iran & counter-terror sanctions

Earlier today, OFAC designated the following firm:

SHANGHAI SAINT LOGISTICS LIMITED, Rm 910, 9/F, 650 Han Kou Road, Huang Pu District, Shanghai, China; Rm 930, Building C, Cifi Air Center, Shunyi District, Beijing, China; Email Address; alt. Email Address; Additional Sanctions Information – Subject to Secondary Sanctions [SDGT] [IFSR] (Linked To: MAHAN AIR).

under its Iran and counter terrorism sanctions programs.

And this is what the State Department had to say about it:

The People’s Republic of China is one of the rapidly dwindling number of countries that welcomes Mahan Air, which ferries weapons and terrorists around the world for the Islamic Republic of Iran. Such cooperation has consequences.

Today, the United States designated Shanghai Saint Logistics Limited, a PRC-based company that provides general sales agent services for the Specially Designated Global Terrorist Iranian airline. The United States designated Mahan Air in 2011 under a counterterrorism authority for providing material support to Iran’s Islamic Revolutionary Guard Corps – Qods Force (IRGC-QF) and again in 2019, under a weapons of mass destruction authority for shipping United Nations-restricted missile and nuclear items to Iran.

More recently, the Iranian regime turned to Mahan Air to facilitate shipments to Venezuela to support the illegitimate former Maduro regime and its desperate attempts to boost energy production, which had fallen due to its own gross mismanagement. It is equally troubling that Mahan Air appears to be carrying gold from Venezuela’s vaults back to Iran, depriving the Venezuelan people of resources needed to rebuild their economy. As always, authoritarian regimes are more interested in their own survival than the needs of their people.

The United States is pleased that over the last two years, governments and companies across Europe, the Middle East, and Asia have wisely severed ties with Mahan Air. This designation serves as another reminder that companies still providing services for Mahan Air – in the PRC or anywhere else – risk potential U.S. sanctions.

I find it interesting that OFAC seems to designate more Iran-linked firms than firms involved in the pretty obvious violations of North Korean sanctions – that we have a fair amount of photographic evidence of. Perhaps it’s because North Korea already has nuclear weapons, or because that is, at its heart, a UN sanctions program and not a US one?

If you go through this year’s designations, there have been 7 or 8 (I may have miscounted) sets of Iran-related sanctions designations, and only 1 (in January) set of North Korea-related ones. Seems odd to me.


OFAC Notice

State Department Press Release

Categories: Iranian Sanctions North Korea (DPRK) Sanctions OFAC Updates Sanctions Lists


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