Sunday, December 6, 2020

Biggest Iranian flotilla en route to Venezuela with fuel, defying US sanctions | Al Arabiya English

Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of US sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter.
Some of the flotilla of about 10 Iranian vessels will also help export Venezuelan crude after discharging fuel, the people said, asking not to be named because the transaction is not public.

The Nicolas Maduro regime is widening its reliance on Iran as an ally of last resort after even Russia and China have avoided challenging the US ban on trade with Venezuela. The country’s fuel crunch follows decades of mismanagement, corruption and under-investment at state-owned Petroleos de Venezuela since the time of Maduro’s late mentor and predecessor, Hugo Chavez.

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