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| Britain | |
| UK keeps billions in Venezuelan gold reserves frozen at Bank of England after Maduro arrest | |
| 2026-01-09 | |
| [FoxNews] Foreign Secretary Cooper cites democracy transition principles as gold remains locked in legal battle since 2020 The U.K. has signaled over a billion dollars worth of Venezuelan gold could stay held in vaults at the Bank of England, despite the arrest of Nicolás Maduro and the appointment of interim leader, Delcy RodrÃguez, according to reports.
Addressing Parliament on Jan. 5, Foreign Secretary Yvette Cooper suggested that because Britain does not recognize the current administration, the bullion is unlikely to be released. "It is important that we have the pressure in place to have a transition to a democracy which is also about the will of the Venezuelan people," Cooper said. "Obviously, there are independent decisions for the Bank of England to take, but our principles are about maintaining and pursuing stability and a transition to democracy, and that is what is guiding our approach," she said in her statement. Addressing Parliament on Jan. 5, Foreign Secretary Yvette Cooper suggested that because Britain does not recognize the current administration, the bullion is unlikely to be released. "It is important that we have the pressure in place to have a transition to a democracy which is also about the will of the Venezuelan people," Cooper said. "Obviously, there are independent decisions for the Bank of England to take, but our principles are about maintaining and pursuing stability and a transition to democracy, and that is what is guiding our approach," she said in her statement. | |
| Posted by:Skidmark |
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| Posted by: Skidmark 2026-01-09 15:30 |
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| Posted by: Procopius2k 2026-01-09 12:11 |
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| Posted by: ed in texas 2026-01-09 09:50 |