Economics
Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.
- U.S. lobbied U.K. officials to cut off the Maduro regime
- EU takes sides against Maduro in Venezuela’s power struggle
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Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter.
The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets, according to one of the people, who asked not to be identified.