ZTE executives to step down

AFP, BEIJING:  Chinese telecommunications giant ZTE will replace three top executives, the WSJ reported, in an apparent bid to see US restrictions on its business lifted after it was accused of violating sanctions against Iran.
Washington slapped restrictions on ZTE and three linked companies last month for illicitly re-exporting controlled items from the United States to sanctioned countries, including Iran.
The curbs require ZTE to have specific licences before shipping US-made items to the parent company or the other three named firms.

ZTE executives to step down

AFP, BEIJING: Chinese telecommunications giant ZTE will replace three top executives, the WSJ reported, in an apparent bid to see US restrictions on its business lifted after it was accused of violating sanctions against Iran. Washington slapped restrictions on ZTE and three linked companies last month for illicitly re-exporting controlled items from the United States to sanctioned countries, including Iran. The curbs require ZTE to have specific licences before shipping US-made items to the parent company or the other three named firms.