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flag UK holds £1.4bn in frozen Venezuelan gold since 2018, unresolved amid ongoing legitimacy disputes.

flag The Bank of England holds about 31 tonnes of Venezuelan gold, worth roughly £1.4bn, frozen since 2018 due to disputes over President Nicolás Maduro’s legitimacy. flag The UK has not recognized Maduro’s government, fearing the gold could fund his administration. flag Venezuela sued in 2020 to reclaim the gold, citing pandemic needs, while opposition leader Juan Guaidó also claimed authority, leading to a prolonged legal battle. flag Though the UK once recognized Guaidó, it has since shifted stance. flag Despite Maduro’s recent capture and a new conciliatory approach by Delcy Rodríguez, the UK still does not recognize the current administration, keeping the gold’s release unresolved.

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