The Maduro administration sued for access to the gold to fund pandemic relief.
Foreign Secretary Yvette Cooper confirmed that the gold will stay in storage until a government is officially recognized by the UK. Disputed Venezuelan Gold Worth $1.8B in Bank of...
The UK Supreme Court ruled in 2021 that the judiciary must follow the government’s lead ("one voice" doctrine) and recognize Guaidó, effectively blocking Maduro's access. The Maduro administration sued for access to the
The dispute became a years-long legal "tug-of-war" in the London courts. Disputed Venezuelan Gold Worth $1.8B in Bank of...
Approximately 31 metric tons of gold bullion.
Worth over $3 billion (£2.2bn) due to the rising price of gold, which has nearly doubled since 2021.
Former opposition leader Juan Guaidó (recognized by the UK as interim president until late 2022) successfully argued to keep the gold out of Maduro's control.