Britain Continues to Withold $4.8 Billion of Venezuelan Gold
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The UK government has signaled that it will continue to withhold $4.8 billion of Venezuelan gold reserves held at the Bank of England, despite the change in leadership in Venezuela. This decision is likely due to the UK's refusal to recognize the new Venezuelan government. The move may have implications for Venezuela's access to its frozen assets.
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The foreign secretary has signalled the Bank of England will continue to withhold $4.8bn of Venezuelan gold being held in its vaults, despite the dramatic toppling of the country’s autocratic ruler potentially paving the way to the reserves being returned. Addressing lawmakers late on Monday, Yvette Cooper suggested the government would continue its refusal to recognise the new leadership in Caracas, acknowledging this would likely mean the Bank would continue to withhold the country’s reserves. Britain’s central bank has stored…
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المقال الأصلي منشور بواسطة OilPrice.com في 7 يناير 2026. التحليل والرؤى المقدمة من AnalystMarkets AI.