Meng Wanzhou, the chief financial officer of Huawei, was held under house arrest in Canada over allegations of the tech giant flouting US-imposed sanctions on Iran. China continues to insist that her arrest and prosecution was political
The UK ban on Huawei is a direct result of US pressure on its allies to not allow the Chinese company into their markets.
The extension of the deferred ban on 46 affiliates of Huawei is seen as an attempt to pressure China for leverage in the ongoing trade negotiations.
Huawei’s chief financial officer, Meng Wanzhou, was arrested in Canada on December 1 on the request of the US. Her arrest was linked to violations of US sanctions against Iran, bank fraud and theft of technology, allegations she has denied
The release of the Huawei executive, Meng Wanzhou, on bail will not make the ongoing trade negotiations any smoother.
Meng Wanzhou was arrested over fraud charges for misrepresenting a Huawei subsidiary, Skycom, as a separate entity to bypass the sanctions that United States imposed on Iran between 2009 and 2014