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world1d ago
UK keeps billions in Venezuelan gold reserves frozen at Bank of England after Maduro arrest
- UK keeps Venezuelan gold worth billions frozen at the Bank of England after Maduro's arrest, reflecting non-recognition policy.
- Cooper told Parliament that the gold will stay frozen to pressure for a democratic transition in Venezuela.
- The gold reserve has been frozen since 2020 amid competing claims over access.
- Maduro was arrested and an interim president, Delcy Rodríguez, was appointed, triggering legal disputes over gold access.
- UK policy mirrors broader international disputes over recognizing a Venezuelan government in exile or transition.
- Swiss authorities have also frozen assets tied to Maduro amid related sanctions actions.
- World leaders and institutions discuss the implications of the capture and its impact on Venezuela's assets abroad.
- The Bank of England has historically been at the center of legal battles over who can access Venezuela's gold.
- Analysts estimate Venezuela may have sold large gold quantities during the crisis years.
- The central bank reserves in question are tied to Venezuela's state assets and sanctions regime.
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