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

Published 2016-06-27, 05:35 p/m
© Reuters.  U.S. extends ZTE's reprieve for alleged Iran sanctions violations

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.

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