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
Related Federal Register Documents
2026-16573, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
2026-16153, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC updated its sanctions list by unblocking one company and two aircraft, meaning their U.S. assets are now free to use. Meanwhile, they updated info on a person from Iraq who remains blocked, keeping their assets frozen. These changes took effect on August 5, 2026, impacting who can access money or property under U.S. rules.
2026-15996, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
2026-15849, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. The vessels placed on the SDN List have been identified as property in which a blocked person has an interest.
2026-15785, Notice of OFAC Sanctions Action
On July 30, 2026, OFAC lifted sanctions on Cagri Duransoy, unblocking his property and allowing normal dealings again. At the same time, OFAC added new people, like Xin Tang from China, to the sanctions list, freezing their U.S.-based assets and banning U.S. folks from doing business with them. These moves shake up who can and can’t access money or property under U.S. rules, effective immediately.
2026-15356, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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