The ever growing economic crisis in Venezuela has forced it’s government to retrieve back its gold reverses that worth more than $550 million from the Bank of England.
However the Bank is currently refusing to return back the gold to the country as the UK regulator’s undoubtedly claim that there is uncertainty about the real intentions of Carcacas relating the 14 tons of gold.
Venezuelan government are requested to furnish the Bank of England with a classification about how they intend to use the gold.
For almost two months the government had been trying to reach for its gold however the talks are supposed to be at a standstill for the time being as there had been an immense amount of difficulties in getting an insurance for shipping the large gold back to its country.
Venezuela is tirelessly trying to sell its gold reserves in order to raise sufficient funds that could help the country to cope with the deepening economic crisis that have caused a widespread violence and poverty.
The gold exported by Venezuela last week was again subjected to US sanction against Latin American country.The new sanction could be assumed as a target on both the corporation as well as the US individuals who are involved in any kind of gold sales in Venezuela.
US authorities openly accuse the current government along with its leader Nicolas Maduro of undermining democracy and violating human rights.
Washington has introduced a variety of punitive measures all against Bolivarian Republic in the past few years which had been hitting the finances along with the debt issuance and the activities of the business of the oil company of the state.
The authorities of the United States have been accusing the current government of Venezuela and the leader of the country Nicolas Maduro for the violation of the rights of humans and the undermining democracy.
Source: RT, ZeroHedge
