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Venezuelan gold case debates which government is recognised by UK government
Foreign Secretary Dominic Raab meeting Venezuela's Opposition leader Juan Guaido at Foreign Office in London

BRITAIN “unequivocally recognises” the government of Venezuelan President Nicolas Maduro, despite considering his position to be “illegitimate,” the High Court heard today.

The Venezuela Central Bank (BCV) is battling for the release of $1 billion (£800 million) of gold bullion held in the Bank of England (BoE), which it wants to sell to help tackle the country’s coronavirus crisis.

If successful, the BCV will transfer the funds to the United Nations Development Programme (UNDP) in order to buy “healthcare equipment, medicines and basic foodstuffs” to address the Covid-19 emergency.

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