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pc nid 93560 Jun 29, 2026 pdonofrio@vixio.com US Track 2 Ministry of Finance horizon scanning
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United States Office of Foreign Assets Control Removes Russia-Related Designations from Sanctions List

On June 29, 2026, the Office of Foreign Assets Control (OFAC) removed seven entities and individuals from its Specially Designated Nationals (SDN) List in connection with Russia-related sanctions under Executive Order 14024. The removals included five Turkish companies and two Turkish individuals. The companies removed were Megasan Elektronik Ticaret ve Sanayi Anonim Sirketi, based in Istanbul; SSGCTM CNC Takim Tezgahlari Makine Sanayi ve Ticaret Limited Sirketi, located in Konya; Minyon Kesici Takimlar Makine Sanayi ve Ticaret Limited Sirketi, also in Konya; Hidropark Hidrolik Pnomatik San ve Tic Ltd Sti, based in Istanbul; and AYTT CNC Takim Tezgahlari Makine Sanayi ve Ticaret Limited Sirketi (also known as AYTT CNC Machine Tools San Trade Ltd Sti), located in Konya. The individuals removed were Recep Cetin Aydin and Gurhan Aydin, both from Konya. All entities and individuals were designated under Section 11 of Executive Order 14024, which addresses secondary sanctions risks related to Russia. The removals affect entities and individuals previously subject to sanctions restrictions, meaning U.S. persons and entities may now engage in transactions with these designees, subject to other applicable laws and regulations. OFAC maintains the SDN List as a primary sanctions enforcement tool, and updates to the list are published regularly on OFAC's website. Entities and individuals should verify current designations before conducting transactions to ensure compliance with applicable sanctions regulations.

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US Office of Foreign Assets Control Removes Russia-Related Designations

On June 29, 2026, the US Office of Foreign Assets Control (OFAC) removed seven individuals and entities from its Specially Designated Nationals (SDN) list in connection with Russia-related sanctions under Executive Order 14024 . Specifically, the removals included two Turkish persons and five Turkish companies, all originally designated under Section 11 of Executive Order 14024, which addresses secondary sanctions risks related to Russia. The removals mean US individuals and entities may now engage in transactions with these former designees, subject to other applicable laws and regulations.