Venezuelan Opposition Claims Caracas Sent Over $1 Bln in Gold to Mali in Bullion-for-Cash Scheme

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Caracas has been forced to come up with some creative ways to come up with funds amid crushing US sanctions targeting its energy sector, exports, and even the import of basic necessities like medical supplies. The crisis has been compounded by the freezing and seizure of tens of billions of dollars in Venezuelan assets held abroad.

The US-backed Venezuelan opposition has accused Caracas of a scheme involving the shipment of gold to the West African nation of Mali, where it would be sold for much-needed hard currency, refined, and resold to other countries, primarily the United Arab Emirates.

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