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The Department of Commerce's Reponse

Wednesday May 15, 2019
Washington, D.C., U.S.

On 15 May 2019, the Department of Commerce added Huawei and 70 foreign subsidiaries and "affiliates" to its entity list under the Export Administration Regulations, citing the company having been indited for "knowingly and willfully causing the export, reexport, sale and supply, directly and indirectly, of goods, technology and services (banking and other financial services) from the United States to Iran and the government of Iran without obtaining a license from the Department of Treasury's Office of Foreign Assets Control (OFAC)". This restricts U.S. companies from doing business with Huawei without a government license.

Huawei Rank in Fortune Global 500 List
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