Treasury Adds More Names to Economic Naughty List
Published Date: 11/25/2025
Notice
Summary
The U.S. Treasury’s OFAC just blocked certain people, ships, and planes tied to Mahan Air, meaning their property in the U.S. is frozen and Americans can’t do business with them. This action started on November 20, 2025, and aims to cut off money and resources linked to these targets. If you’re involved in trade or finance, watch out—these changes could affect deals and assets fast!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
U.S. persons barred from dealing
On November 20, 2025, OFAC added MAHAN AIR and specific named aircraft and vessels to the Specially Designated Nationals (SDN) List. All property and interests in property subject to U.S. jurisdiction of those listed are blocked, and U.S. persons are generally prohibited from engaging in transactions with them, meaning assets in the U.S. are frozen and transactions are barred.
Secondary sanctions risk warned
The notice identifies certain aircraft and vessels as having 'secondary sanctions risk' under section 1(b) of Executive Order 13224 (as amended) and under E.O. 13902. Counterparties that deal with the named vessels, aircraft, or linked entities (for example, ALTOMARE S.A., PIONEER TANKERS MARINE INCORPORATED, and others listed) are identified as carrying potential secondary sanctions risk as of November 20, 2025.
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Key Dates
Department and Agencies
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