Chinese telecommunications equipment manufacturer ZTE is urging US suppliers to apply for export licenses after the US Commerce Department on Monday announced restrictions against the company for alleged violation of sanctions on Iran, Reuters reported, citing an unnamed source. Under the measures, US manufacturers will be banned from selling components to ZTE without an export license. In addition, foreign manufacturers will be prohibited from selling products containing a significant amount of US-made parts to the company. China’s Ministry of Commerce criticized the decision, stating that “China expresses its strong dissatisfaction and resolute opposition” to the measure.
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