Iran and Venezuela have launched a direct shipping route to enhance trade ties amid U.S. sanctions, the Iranian embassy in Caracas announced in a statement released on Friday.
According to the statement, the route seeks to facilitate the interaction between traders in both countries, Mehr News Agency reported.
Appreciating the efforts of the Islamic Republic of Iran Shipping Lines (IRISL), the embassy said a cargo ship will leave Iran for Venezuela every three months.
The IRISL said last week that a ship carrying Iranian goods will head to Venezuela in May.
In late December 2022, the state-owned shipping company had notified Iranian authorities and the chambers of commerce of the country, expressing readiness to create a regular shipping line to export Iranian commodities to Venezuela.
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