Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

U.S. senators offer resolution backing Canada on Huawei CFO

Published 2019-03-07, 01:17 p/m
© Reuters.  U.S. senators offer resolution backing Canada on Huawei CFO

WASHINGTON, March 7 (Reuters) - The Republican and Democratic leaders of the U.S. Senate Foreign Relations Committee introduced legislation on Thursday backing Canada's handling of Huawei Technologies HWT.UL Chief Financial Officer Meng Wanzhou, as the United States seeks her extradition.

Senators Jim Risch, the committee's Republican chairman, and Bob Menendez, its ranking Democrat, introduced the resolution backing Canada for "upholding the rule of law."

“Canada has provided consular access and due process for Ms. Meng," Risch said in a statement. "It is only right for the Senate to join Canada in expressing concern over arbitrary detention and mistreatment of Canadian nationals by the Chinese government."

China on Monday accused detained Canadian citizen Michael Kovrig of stealing state secrets passed on to him from another detained Canadian, businessman Michael Spavor, in a move likely to increase tension between Ottawa and Beijing. has sued the U.S. government, saying a law limiting its U.S. business is unconstitutional, ratcheting up its fight against a government bent on closing it out of global markets. CFO Meng is accused by the United States of bank and wire fraud related to breaches of trade sanctions against Iran. Canada approved extradition proceedings on March 1, but Meng has since sued Canada's government for procedural wrongs in her arrest. The next court hearing is set for May 8.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.