Tuesday, 14 August, 2018

US Reportedly Investigating Alleged Iran Sanctions Violations By China's Huawei

DOJ probing Huawei over possible sanctions violations: report Huawei is under Department of Justice investigation for violating Iran sanctions
Nina Mathis | 27 April, 2018, 00:57

The Department of Justice (DOJ) is investigating Chinese phone-maker Huawei over whether it violated USA sanctions against Iran, The Wall Street Journal reported on Wednesday. Huawei was effectively driven away due to "political pressure," and now ZTE is facing a threatening ban on using USA exports in its products for seven years. The US reason for such severe actions against ZTE was because the Chinese firm violated the US Iranian and North Korean trade embargo.

ZTE believes last week's supply ban imposed on it by the United States Department of Commerce is related to recent tensions between Washington and Beijing over trade, having said as much during a Wednesday conference call with suppliers, Reuters reports.

"Every business with an worldwide ambition must ensure it gives sufficient resource and focus to being aware of trade sanctions globally and ensuring compliance with them", he said.

Huawei "complies with all applicable laws and regulations where it operates, including the applicable export control and sanction laws and regulations of UN, US and EU", according to a statement by the company.

This suspicion of possible espionage has lead to the collapse of a deal that would being Huawei devices to U.S. telcos.




"ZTE will not give up its efforts to resolve the issue through communication, and we are also determined, if necessary, to take judicial measures to protect the legal rights and interests of our Company, our employees and our shareholders, and to fulfill obligations and take responsibilities to our global customers, end-users, partners and suppliers", said ZTE.

In 2016, the Commerce Department made documents public that showed ZTE's misconduct and also revealed how a second company, identified only as F7, had successfully evaded USA export controls. China doesn't actually have any sanctions on the country, and shipping Chinese technology would not directly violate United States sanctions.

In April 2017, lawmakers sent another letter to Commerce Secretary Wilbur Ross asking for F7 to be publicly identified and fully investigated. Today's report says that the Justice Department investigation deals with allegations that Huawei violated US sanctions against Iran.

An export ban is also very likely on the table. ZTE's core business was harmed severely and the company halted trading of its Hong Kong and mainland shares.

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