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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Related Federal Register Documents
2026-18876, Notice of OFAC Sanctions Action
On September 10, 2026, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) blocked the property and financial interests of certain people and groups by adding them to a special sanctions list. This means U.S. citizens and companies can’t do business with them anymore. These actions help protect U.S. interests and enforce important rules about who can access money and property under U.S. control.
2026-18909, Notice of OFAC Sanctions Action
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2026-18840, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the assets of two Turkish companies linked to Iran’s Golden Global Yatirim Bankasi. From September 4, 2026, Americans can’t do business with these companies, freezing their U.S.-related money and property. This move tightens sanctions to stop shady financial activities tied to Iran.
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The U.S. Treasury’s OFAC updated its sanctions list by fixing info on some people and removing others from the blocked list, meaning their property is no longer frozen. These changes took effect on June 11, 2026, and could impact anyone dealing with these individuals or their assets. It’s a big deal for businesses and banks to stay updated and avoid trouble!
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