Bloomberg: ZTE estimates of losses from U.S. sanctions for more than $3 billion

NEW YORK, may 23. /TASS/. The leadership of the Chinese telecommunications company ZTE estimates the loss of the imposed U.S. restrictions not less than $3.1 billion this was reported on Tuesday by Bloomberg.

According to his sources, it is, in particular, banning American firms selling ZTE equipment, components and software. The company was forced to greatly curtail its activities. From its products refused some clients.

According to the Agency, ZTE hopes that Washington and Beijing reached agreement on easing sanctions against the company. In this case, factory ZTE, which is currently not functioning, starts to work again after a few hours after the lifting of restrictions.

The US President Donald trump said Tuesday that at the personal request of the President of China XI Jinping, his administration is considering easing sanctions against ZTE. The White house stated that these restrictive measures harm the interests of American producers. Trump also said that the us authorities may be fined ZTE at $1.3 billion.