The US Commerce Department placed export restrictions on ZTE as punishment for violating US sanctions against Iran.
WASHINGTON: The US Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly US$900mil (RM3.97bil), the agency said in a notice.
Removal from the list marks the end of a tense period for ZTE, which faced trade restrictions that could have severed its ties to critical US suppliers.
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