US EditionU.S. Moves to Secure Venezuela’s Gold as Influence Deepens After Intervention
- On March 25, the Trump administration announced it imported $100 million of gold from Venezuela, marking a significant policy shift following the January intervention that ended President Nicolas Maduro's 13-year dictatorship.
- Interior Secretary Doug Burgum stated this is the first precious metals shipment between the nations in over 20 years, aiming to stabilize Venezuela's economy after years of decline and underinvestment.
- During a March visit, Burgum discussed mining with President Delcy Rodriguez, acknowledging the industry's collapse and noting it is "down to just artisanal miners controlled by gangs."
- Reports from the UN suggest gold from the Orinoco region can be equated to buying "blood gold," while critics warn the license for Minerven "perpetuates ecocide and launders criminal wealth."
- Interim President Rodriguez complies with requests to hand over oil and open industries to foreign investment, positioning the United States to reshape Venezuela's resource sector and rebuild output.
13 Articles
13 Articles
U.S. Moves to Secure Venezuela’s Gold as Influence Deepens After Intervention
Since the United States intervention in Venezuela on January 3rd, which effectively brought an end to President Nicolás Maduro’s 13-year dictatorship, the Trump administration has had a heavy hand in Venezuelan politics. The U.S. has made it clear that any new political leader, who is currently interim President Delcy Rodriguez, must cooperate with Washington. The U.S. has also staked its claim to vast quantities of Venezuelan crude. However, oi…
In early March, the governments of the United States and Venezuela agreed to re-establish their bilateral relations, both diplomatic and consular, after their break-up in 2019. This was yet another gesture of the unprecedented rapprochement between the two countries since...
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