The UK’s appeals court has ruled in favor of President Nicolas Maduro’s government in the battle to repatriate Venezuela’s $1 billion worth of gold held at the Bank of England, reversing an earlier decision.
The UK High Court ruled in favor of opposition politician Juan Guaido earlier this year, saying that London unequivocally recognizes him as “interim president” of the South American nation, rather than President Maduro. The judgment came as the two sides were battling for access to gold reserves stored in the vaults of the Bank of England.
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