OFAC Unfreezes Assets for Cyprus and Russia-Linked Folks
Published Date: 12/22/2025
Notice
Summary
The U.S. Treasury’s OFAC just updated its sanctions list by removing several people from the blocked list, meaning their property is no longer frozen. These changes mainly affect individuals linked to certain companies in Cyprus and signal a shift in who can now access their assets. Keep an eye out for these updates—they could impact money flows and business dealings starting late 2025.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Multiple Individuals and Firms Unblocked
On November 24, 2025, OFAC unblocked the property and removed several named persons and entities from the Specially Designated Nationals (SDN) List (for example: ATTIKOURIS, Kyriakos; GEORGIOU, Marilena; SERGHIDES, Demetrios; HIGHTRAIL LTD; OMNIA SERVICES CYPRUS LTD). OFAC issued additional unblocking determinations on December 9, 2025; December 12, 2025; and December 18, 2025, removing other named persons and entities from the SDN List. Being removed from the SDN List means the listed persons’ property and interests in property subject to U.S. jurisdiction are unblocked.
Removal From Foreign Sanctions Evaders List
On December 18, 2025, OFAC determined that Evren KAYAKIRAN (Turkey) is no longer subject to the prohibitions in Section 1(b) of Executive Order 13608 and removed him from the Foreign Sanctions Evaders (FSE) List. That removal means the specific prohibitions under that Executive Order no longer apply to this named individual.
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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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