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July 29, 2022
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UK insists on retaining Venezuela’s gold

UK insists on retaining Venezuela's gold

The British Justice insisted on denying this Friday the request for access by the Venezuelan State to the gold reserves of the Republic that have been held in the Bank of England since 2019.

The judgment of Judge Sara Cockerill of the High Court of London, determined that she does not consider as valid the resolutions of the Supreme Court of Venezuela (TSJ) that declared null the designation of the ‘ad hoc directive’ of the BCV appointed by the former opposition deputy Juan Guaidó , alleging that in the United Kingdom there is no legal basis to do so, refers to a note from RT.

Cockerill stated that although they could be recognized, to do so “would come into conflict” with the English doctrine of ‘A single voice’, which obliges State agencies to proceed in the same way in foreign policy.

The decision was made by the magistrate of the superior commercial division after a four-day trial, which ended on July 18, and whose verdict, of more than 60 pages, was presented this Friday, even though at the close of the trial, ten days ago, the magistrate herself announced that due to other commitments it was unlikely that a ruling would be given before the month of october.

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Despite the fact that the decision denied the Venezuelan State access to gold reserves, the team of the former opposition deputy was not authorized Guaido to access them, even when the board of directors appointed by the self-proclaimed interim president is considered valid.

However, it is expected that another hearing will determine whether they will be able to dispose of the precious metal.

Venezuelan gold reserves, valued at 1,600 million euros, remain confiscated in the United Kingdom after the self-proclamation of Juan Guaidó as interim president of Venezuela.

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