Venezuela Sues Bank Of England For Refusing Its Gold

Weeks after Venezuelan intelligence crushed a secret plot to overthrow President Nicolás Maduro, now Venezuela has sued the Bank of England for refusing to give back its Gold. President Nicolas Maduro has also announced that Venezuela will sue US in International Criminal Court (ICC) for severe damage caused by the economic sanctions.

Venezuela Sues Bank Of England For Refusing Its Gold

Venezuela’s Central Bank has launched legal action to force the Bank of England to release more than $1 billion in gold held in its coffers to battle the Covid-19 outbreak.

The claim, submitted in a London court on May 14, says that Caracas needs the gold back to buy healthcare equipment, medicine, and food to address the “COVID-19 emergency” in the country, the document seen by Reuters said. Once it is sold by the Bank of England (BoE), the funds are transferred to the United Nations Development Programme.

The gold re...

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