We study the Veronese web equation u(y)u(tx) + lambda u(x)u(ty) - (lambda + 1)u(t)u(xy) = 0 and using its isospectral Lax pair construct two infinite series of nonlocal conservation laws. In the infinite differential coverings associated to these series, we describe the Lie algebras of the corresponding nonlocal symmetries. Finally, we construct a recursion operator and explore its action on nonlocal shadows. The operator provides a new shadow which serves as a master-symmetry.