High Court to rule on who UK Government recognises as president of Venezuela
(World News UK)

The High Court is set to rule on who the UK Government recognises as president of Venezuela as part of a battle over one billion US dollars (£800 million) of gold bullion held in the vaults of the Bank of England. Banco Central de Venezuela (BCV) has taken legal action to release the gold held on its behalf, which it wants to sell to help tackle the country`s coronavirus crisis. BCV says it has agreed to transfer the funds to the United Nations Development Programme (UNDP) to buy “healthcare equipment, medicines and basic foodstuffs” to address the Covid-19 emergency in Venezuela. But the Bank of England (BoE) says it is “caught in the...