US authorities lifted all sanctions against ZTE
US authorities lifted all sanctions against ZTE

US authorities lifted all sanctions against ZTE

US authorities lifted all sanctions against ZTE The US Department of Commerce lifted restrictions on imports of goods manufactured by ZTE, a telecommunications corporation from China. The company completed the settlement of the conflict with the United States authorities by paying a fine of $ 1 billion and a $ 400 million bail for probable future proceedings. The goal is to ensure compliance with all American rules and laws. Американские власти отменили все санкции в отношении ZTE (2 фото) Problems with the Chinese manufacturer began after a statement by the United States that its equipment, bypassing sanctions, was illegally supplied to North Korea and Iran. For 7 years, US authorities have banned ZTE from operating in the United States. This almost led the company to bankruptcy. In order to resolve the dispute with the United States, the corporation even changed the board of directors and appointed a new CEO. After the emergence of information on the lifting of sanctions, ZTE shares went up by 25%, while their value is still 2 times lower than before the “proceedings” with the United States.

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