America Removed Xiaomi from Black List: America dropped all charges against Xiaomi and excluded the company from the “Black List”

In the history of the Chinese company Xiaomi and the sanctions imposed on it by the US government, a fat point has finally been put.

What does it mean?

Recall that in January, the US Department of Defense put Xiaomi and 8 other Chinese companies on the ” black list ” , forbidding American investors to invest in them. The manufacturer went to court and secured a temporary suspension of the ban , and now has won the final victory.

“Xiaomi is pleased to announce that on May 25 , 2021, at 4:09 pm Eastern Time (EST), the District Court for the District of Columbia issued a final ruling overturning the US Department of Defense’s decision to designate the company as a ‘ China Communist Military Company ‘ (CCMC) … Quashed the court officially lifted all restrictions on the possibility of US persons to buy or hold the securities of the company”, – said Xiaomi.

It seems that the parties managed to peacefully settle the dispute and come to a common solution, although the details were not specified.

“The company is grateful for the trust and support of its global users, partners, employees and shareholders. The company emphasizes once again that a public and independent corporation” , – noted in the statement, Xiaomi.

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