US EditionBritain Continues to Withold $4.8 Billion of Venezuelan Gold
3 Articles
3 Articles
For several years, 31 tons of gold belonging to Venezuela remain stored in London, out of reach of Caracas. Between political non-recognition, judicial battle and diplomatic stakes, this sensitive dossier shows the links between finance and international law.
Britain Continues to Withold $4.8 Billion of Venezuelan Gold
The foreign secretary has signalled the Bank of England will continue to withhold $4.8bn of Venezuelan gold being held in its vaults, despite the dramatic toppling of the country’s autocratic ruler potentially paving the way to the reserves being returned. Addressing lawmakers late on Monday, Yvette Cooper suggested the government would continue its refusal to recognise the new leadership in Caracas, acknowledging this would likely mean the Bank…
The United Kingdom's holding of several billion-dollar Venezuelan gold reserves poses a crucial question of diplomatic recognition and economic sovereignty. Venezuela's significant financial assets remain immobilized outside its borders. Thirty-one tons of gold, deposited in the safes of the Bank of England, are the subject of a [...] L的 article Venezuela in search of its 31 tons of gold blocked in London appeared first on Le Singulier.
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