Treasury Lifts Sanctions on One, Slaps New Ones on Chinese National
Published Date: 8/4/2026
Notice
Summary
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.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Cagri Duransoy Unblocked from SDN List
On July 30, 2026, OFAC removed Cagri Duransoy from the Specially Designated Nationals and Blocked Persons (SDN) List and unblocked his property under Executive Order 13382. That means property and interests in property subject to U.S. jurisdiction that had been blocked for him are now unblocked and may be dealt with again.
Xin Tang Added to SDN List
On July 30, 2026, OFAC added Xin Tang (a.k.a. "Mike") of China to the Specially Designated Nationals and Blocked Persons (SDN) List under Executive Order 13224. All property and interests in property of Xin Tang subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with him; the notice also cites secondary sanctions risk and links him to MAHAN AIR.
Cagri Duransoy Also Designated and Blocked
The notice also lists Cagri Duransoy as designated and blocked under Executive Order 13382 on July 30, 2026, for providing support to Milad Jafari. For that designation, all property and interests in property subject to U.S. jurisdiction are blocked and U.S. persons are generally prohibited from engaging in transactions with him.
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Key Dates
Department and Agencies
Related Federal Register Documents
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.
2026-15157, 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.
2026-15112, Updating Website and Contact Information, and Authorizations for Payments for Legal Services
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to update website and contact information in certain parts of the Code of Federal Regulations (CFR). Additionally, OFAC is amending one CFR Part to update general licenses authorizing payments for legal services from funds originating outside the United States to replace the reporting requirement in the general license with a recordkeeping requirement and correcting typographical errors in two CFR Parts. OFAC is also updating its regulations to correct an erroneous cross-reference.
2026-14706, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just cleaned house! Some folks tied to Hong Kong sanctions got their names wiped off the blocked list, meaning their property is no longer frozen. Others stayed on but got moved to a different list with lighter restrictions, all because the emergency order ended on July 14, 2026.
2026-14477, Notice of OFAC Sanctions Action
On July 10, 2026, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added new people to its blacklist, blocking their property and stopping Americans from doing business with them. This means any money or assets these folks have under U.S. control are frozen, and no transactions with them are allowed. If you’re a U.S. person, watch out—these changes could affect your financial dealings starting now!
2026-14458, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC updated the details for one person already on its sanctions blacklist, meaning their property under U.S. control stays frozen. This change took effect on July 14, 2026, keeping the financial squeeze tight without any new money moves. If you’re tracking sanctions, this update keeps the rules clear and the pressure on.
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