Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela

An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Tehran’s involvement with the Maduro government.

The Iranian firm is working with the Maduro government’s troubled emergency food program, which is the subject of U.S. enforcement action as an alleged money-laundering operation, compounding U.S. concerns regarding the move.

— to www.wsj.com

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