Tag: venezuelan gold

• Monday, December 20th 2021 - 22:20 UTC

  UK Supreme Court rules Guaidó is Venezuela's president, but the case is not over

  

  The Supreme Court of the United Kingdom Monday maintained opposition leader Juan Guaidó should be recognized as the truthful President of Venezuela, which would grant him access to his country's gold in custody at the Bank of England. But instead of making a decision on that issue, the case was sent back to a lower court for further judicial proceedings.

• Monday, December 20th 2021 - 11:45 UTC

  UK Court ruling to decide on Venezuelan gold's fate

  

  The UK's Supreme Court is expected to rule Monday on the fate of 31 tons of Venezuelan gold which is currently in the hands of the Bank of England. The Venezuelan central bank turned to the British justice system in 2020 to resolve the issue.

• Thursday, March 21st 2019 - 09:45 UTC

  Citigroup plans to sell US$ 1.6bn of Venezuelan gold held on collateral

  

  Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a US$ 1.6 billion loan after the deadline for repurchasing them expired this month, sources said Reuters, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves.

• Tuesday, March 19th 2019 - 20:59 UTC

  Venezuelan gold crisis: US imposes sanctions on state mining company

  

  United States Treasury Department announced new sanctions on Venezuelan state-run ferrous metals mining Company, Minerven, and its President, Adrián Antonio Perdomo on Tuesday for promoting “illicit” gold operations that have continued to prop up the regime of President Nicolas Maduro.

• Friday, March 1st 2019 - 13:05 UTC

  Maduro moves PDVSA office to Moscow to avoid sanctions

  

  Venezuelan Vice President Delcy Rodriguez announced at a press conference with Russian Foreign Minister Sergey Lavrov that the central office of state oil company PDVSA in Europe, located in Lisbon, will move to Moscow to guarantee the security of the country's assets abroad, which were delivered to the Venezuelan Parliament in other countries.

• Thursday, January 31st 2019 - 09:25 UTC

  Washington warns traders not to deal with gold or oil “stolen from the Venezuelan people”

  

  The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power.