Venezuela in latest bid to recover ‘seized’ gold reserves
Venezuela has stepped up its efforts to recover nearly a billion pounds’ worth of gold currently held by the Bank of England, the UK's central bank.
The Venezuelan government is attempting to repeal a High Court ruling in July that the British government has “unequivocally recognized” self-appointed opposition leader, Juan Guaido, as the “interim president”.
Ownership of the gold is set to be decided at the Court of Appeal in a case brought by Banco Central de Venezuela (BCV), the South American country's central bank.
The hearing is set to start on Tuesday (22 September).
BCV board solicitor Sarosh Zaiwalla made the following statement before the hearing: "This case raises a number of issues of public international law, which forbids the interference by any country in the internal affairs of another sovereign nation”.
"The outcome in this case could present a further threat to the international perception of English institutions as being free from political interference, as well as the Bank of England's reputation abroad as a safe repository for sovereign assets”, Zaiwalla added.
Zaiwalla concluded his statement by stating the obvious, namely that the government in Caracas remains in “sole, undisputed control of Venezuela's instruments of state and health system".
The BCV has pledged to sell the bullion to purchase "healthcare equipment, medicines and basic foodstuffs" from the United Nations Development program (UNDP) to tackle Venezuela's Covid-19 outbreak.
For its part, the Bank of England – which has seized the gold on the instructions of the UK government - claims it is "caught in the middle" of rival claims to the gold, from the BCV board appointed by the legitimate government in Caracas and an "ad hoc" board appointed by the self-appointed opposition leader Guaido.
The hearing at the Court of Appeal is expected to last three days.
Misuse of UK terrorism laws targets pro-Palestine movements
London Downing Street rally for Palestine
Iran calls out ‘hypocrisy’ of UK’s Lammy for rejoicing in fall of Assad
American warplane downed after Yemeni attacks 'baffled' US air defense: Ansarullah
VIDEO | Yemenis praise the military for its successful operations against Israel
VIDEO | Israel continues to bomb Gaza homes
VIDEO | An insider's view of the country: Meybod City in Yazd
‘All wars have rules. All of those rules have been broken’ by Israel
VIDEO | Report flags India’s violation of rights of Rohingya detainees
Turkey's foreign minister meets Syria's de facto leader in Damascus
VIDEO | US Syria plots
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
