The U.S. Commerce Department said it plans to implement export restrictions on Chinese telecom equipment manufacturer ZTE for alleged violations of U.S. export controls on Iran.
According to Reuters, the export restrictions will take effect March 8.
The report notes an investigation by the Commerce Department revealed ZTE allegedly violated the ban by importing U.S.-made products through shell companies and shipping them to Iran. This alleged action violates trade provisions prohibiting the sale of U.S.-made technology to Iran.
