ISSN 2330-717X

Iran Opens Megastore in Venezuela

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A company with close ties to Iran’s Defense Ministry opened the first Iranian megastore in Venezuela.

Iran’s Defense Ministry said the Etka company has opened the store in Caracas offering Iranian products, reports Tasnim News Agency.

Tasnim, which has close ties to the IRGC, said the supermarket is called Megasis and is billed as a cross between Home Depot and Costco. The store covers an area of 20,000 square meters and is selling more than 2,500 Iranian items, including food, clothing, detergents, plastic and disposable products, nuts, and even tractors.

Iran’s ambassador to Caracas said the opening of the store is a move to “counter the US’ policy of economic terrorism and support the Venezuelan nation at the time of heightened sanctions,” Tasnim reported.

Besides the megastore opening, in recent months Iran sent six tankers loaded with gasoline to relieve its fuel-starved South American ally.

The US alleges that IRGC is moving oil through a sanctioned shipping network involving dozens of ship managers, vessels, and facilitators.

One thought on “Iran Opens Megastore in Venezuela

  • Avatar
    August 2, 2020 at 2:11 am
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    “Iran’s ambassador to Caracas said the opening of the store is a move to “counter the US’ policy of economic terrorism and support the Venezuelan nation at the time of heightened sanctions,”
    GOOD for Iran!

    Reply

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