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General

US extends reprieve on ZTE sales ban

Wednesday 29 June 2016 | 12:02 CET | News
The US government has extended through 30 August a reprieve to ZTE on export restrictions imposed on the Chinese company in March for allegedly breaking sanctions against Iran, the Commerce Department said. The renewed licence allows ZTE to continue exporting equipment containing US technology, Reuters reports. The agency said in March that its first reprieve could be extended if the company cooperated with the government. ZTE Chairman Zhao Xianming said the extension shows that the company is improving its compliance and cooperating with the government's investigation.

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Categories: General
Companies: ZTE Belgium
Countries: United States / World
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