In this case, the delay will not apply to new transactions concluded after the entry into force of restrictions.
The US Department of Commerce may introduce a temporary postponement of some trade restrictions that previously decided to introduce against the Chinese telecommunications company Huawei.
The postponement will not apply to new transactions entered after the entry into force of the restrictions. Its goal is to create conditions so that the work of existing Huawei customers will not be disrupted as a result of the inclusion of the Chinese company in our blacklist.
The Ministry of Commerce noted that it can issue temporary licenses to give time to other companies and individuals who have business contacts with Huawei, and “to avoid a break in the work of existing communication networks and equipment.” Temporary licenses for Huawei will be valid for 90 days.
On May 15, President Donald Trump signed an Executive order imposing a state of emergency to protect US information and communications infrastructure from foreign threats. Later it became known that the U.S. Department of Commerce has decided to make the Chinese company Huawei and related entities in its blacklist because of threats to national security, this decision comes into force on May 17.