London court blocks Venezuelan government from using gold


Venezuela’s government cannot sell the $1 billion of the country’s gold reserves stored in the Bank of England, a London court ruled on July 2.

Mr Justice Teare, sitting in the High Court of England and Wales, issued the ruling after a four-day hearing last week, news agencies reported. The judge ruled that the regime led by Nicolas Maduro, Venezuela’s president, was not the country’s legitimate government and had no right to the gold. He supported the view of the British government that

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