UK blocks Venezuela from accessing its international reserves

Britain’s Supreme Court passed a ruling to continue blocking Venezuela from accessing 31 tons of Venezuelan gold valued at USD 2 billion

December 23, 2021 by Peoples Dispatch

Britain’s Supreme Court passed a ruling to continue blocking Venezuela from accessing 31 tons of Venezuelan gold valued at USD 2 billion. This gold is deposited at the Bank of England. The case went to court because the Bank has refused to release the gold reserves to the Bolivarian government stating that it recognizes the opposition activist Juan Guaidó as a legitimate authority.

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