A British judge has declined to offer control of more than $US1 billion ($ 1.45 billion) in gold kept in London to Venezuelan President Nicolas Maduro in the middle of a conflict over the legitimacy of his leadership of the nation.
Bottom line:
- Britain does not recognize Mr Maduro as president of the Latin American nation
- The court ruled on Thursday that it was illegal to give him access to the gold
- Maduro’s Federal government has actually looked for the gold for some time today says it is required to tackle the COVID-19 pandemic
Mr Maduro has required the return of the gold to assist his cash-starved country fight the coronavirus pandemic but the Bank of England– which is storing it in a vault– has actually refused to hand it over.
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