UK court blocks Maduro's bid to access $1 billion in Venezuelan gold [CNNMoney.com]
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Source: CNNMoney.com
UK court blocks Maduro's bid to access $1 billion in Venezuelan gold London (CNN Business) Venezuela's embattled ruler Nicolás Maduro has been denied access to roughly $1 billion in gold reserves held by the Bank of England after a UK court ruled that the British government has recognized Juan Guaidó as president. Venezuela's central bank, which is still controlled by Maduro's government, had sued the Bank of England , seeking access to €930 million ($1 billion) in gold reserves that it said would help the country cope with the coronavirus pandemic . Venezuela intended to liquidate the gold to purchase health care supplies and food through the United Nations Development Programme, according to court documents. But the British government, along with the US government and dozens more worldwide, recognizes Guaidó, rather than Maduro, as Venezuela's legitimate leader. Venezuela's political turmoil stems from 2018, when Maduro secured another six-year term in presidential elections w
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