U.S. extends ZTE's reprieve for alleged Iran sanctions violations

Ztest Electronics

27/06/2016 22:09

WASHINGTON, June 27 (Reuters) - The U.S. government has 
extended through Aug. 30 a reprieve to Chinese smartphone maker 
ZTE Corp  000063.SZ  on the tough export restrictions it imposed 
on the company in March, the Commerce Department said in a 
public notice posted online Monday.  
    In March, the department hit the company with some of the 
toughest-ever U.S. export restrictions for allegedly breaking 
sanctions against Iran. At the time the agency offered the 
company a three-month relief from the restrictions, which was 
set to expire June 30.   
 
 (Reporting by Joel Schectman; Editing by Alan Crosby) 
 ((Joel.Schectman@thomsonreuters.com;)) 
 
Keywords: ZTE USA/SANCTIONS