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Maduro's Gold Dispute: UK Refuses to Recognize Venezuela

1/6/2026

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Summary

Story summary

Nicolás Maduro, the Venezuelan president, faces an intensified dispute over gold at the Bank of England, valued at $1.95 billion.
Since 2018, Venezuela cannot reclaim its gold due to United States sanctions and United Kingdom nonrecognition.
The legal battle pits Maduro's government against Juan Guaidó.
Delcy Rodríguez, Maduro's successor, criticized the Bank's actions as blatant piracy.
United Kingdom Foreign Secretary Yvette Cooper says Britain will not recognize Venezuelan administration.

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Story summary

Nicolás Maduro, the Venezuelan president, faces an intensified dispute over gold at the Bank of England, valued at $1.95 billion.
Since 2018, Venezuela cannot reclaim its gold due to United States sanctions and United Kingdom nonrecognition.
The legal battle pits Maduro's government against Juan Guaidó.
Delcy Rodríguez, Maduro's successor, criticized the Bank's actions as blatant piracy.
United Kingdom Foreign Secretary Yvette Cooper says Britain will not recognize Venezuelan administration.