Venezuela moves one step closer to retrieving gold seized by the Bank of England
VENEZUELA’S Bolivarian government is a step closer to retrieving its $1 billion (£800 million) gold reserves stored in the Bank of England after it won an appeal over the claim today.
The legal challenge, brought by the Banco Central de Venezuela (BCV), overturns a previous ruling that upheld Britain’s recognition of United States-backed opposition leader Juan Guaido as “interim president” of Venezuela.
The Bank of England froze the gold reserves after the Tory government fell into line behind the US in refusing to recognise Venezuela’s President Nicolas Maduro, who was re-elected in late 2018, and backing the right-wing pretender instead.
More from this author
In an exclusive investigation, BETHANY RIELLY looks at how the state targeted leading politicians and campaigning groups — labelling many well-known figures 'extremists' and 'subversives' for attempting to hold the police to account
On September 4, 16 Eritrean asylum-seekers were arrested at a protest against their country’s dictatorship and its supporters here. Since then, questions have been raised about whether the British authorities are doing enough to protect activists and asylum-seekers from the ‘long arm’ of the regime in Asmara
