The United States lifted restrictions on ZTE :: Investor.bg

<img src = "https://www.investor.bg/images/photos/0264/0000264687-article3.jpg" alt = "The US Department of Commerce lifted Friday its restrictions on the Chinese technology group ZTE, allowing the company to continue to work.American companies have again the right to sell parts of the smartphone maker, said Bloomberg, citing the department.

The decision was made after ZTE paid a fine of $ 1 billion and transferred 400 million states.

This adds up to $ 892 million fine that the telecom equipment maker paid to the United States after pleading guilty to have violated the sanctions against Iran and North Korea

a key demand of the Chinese government in the face of escalating tensions between the two largest economies in the world. talks are held since the last summit in June, the United States and China stressed their willingness to return to the negotiating table

The Trump administration announced in April a seven-year ban on US exports to ZTE after announcing that the Chinese company had violated the sanctions agreements by selling American technologies to Iran and North Korea. This decision forced ZTE to announce that it was ceasing operations in the United States.

Then in May, President Donald Trump reversed his course, saying that he was rethinking the sanctions for ZTE as a personal service for Chinese President Ciang Jinpin. Later this month, the White House announced that it would allow the company to stay in business after paying a new fine, changed its management and provided "high level security badurances".

Last month, ZTE took an important step in addressing White House conditions by referring the entire board of directors and appointing a new president, and the new government faces the challenge to build trust between telephone companies and corporate customers. a moratorium that did not allow him to buy chips and other components needed to build network devices and smartphones

Earlier this month, the ministry gave ZTE temporary permission to work on a base limited.