09:23 GMT +326 June 2019
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    Caracas Begins Legal Battle for Overseas Property - Venezuelan Vice-President

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    MEXICO CITY (Sputnik) - Venezuelan Vice-President Delcy Rodriguez said that her country had taken the first steps to launch legal proceedings to protect its property and assets abroad, following US sanctions against Venezuelan state oil company PDVSA and United Kingdom's move to block Venezuelan government’s access to gold reserves held in London.

    "As for Europe, where Venezuelan assets have been frozen, we have already undertaken concrete legal activities. We have hired lawyers who will protect our interests — especially those related to the gold that the Bank of England has stolen", Rodriguez said in an interview with RT broadcaster.

    READ MORE: US Not Planning Military Intervention in Venezuela — Official

    Amid political crisis in Venezuela, the United States, which backs Venezuela's self-proclaimed interim president Juan Guaido, blocked $7 billion in Venezuelan state oil company PDVSA's assets in its jurisdiction and imposed ban on deals with the entity as part of efforts to facilitate power transfer. The United Kingdom, which rejects the legitimate government of President Nicolas Maduro as well, cut off Caracas' access to foreign assets and rejected its request to withdraw $1.2 billion worth of gold.

    Venezuela is currently in the midst of a political crisis. On 5 January, Guaido was elected the head of the opposition-controlled National Assembly, which all other government branches have been refusing to recognize since 2016.

    On 23 January, two days after the Venezuelan Supreme Court annulled his election, Guaido declared himself the country's "interim president", Maduro, who was sworn in for his second presidential term on 10 January after winning the May election, which part of the opposition boycotted, qualified Guaido's move as an attempt to stage a coup orchestrated by Washington.

    READ MORE: Venezuela Fell Victim to US Multilateral Aggression — Vice President

    The United States immediately recognized Guaido, after which around 50 other countries followed suit. Russia, China, Cuba, Bolivia and a number of other states have, in the meantime, voiced their support for the legitimate government of constitutionally elected Maduro. Mexico and Uruguay have refused to recognize Guaido, declaring themselves neutral and promoting crisis settlement via dialogue.

    READ MORE: US Arming 'Liberation Army' in Colombia to Invade Venezuela – Envoy to UN

    Topic:
    Political Crisis in Venezuela (540)

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    lawsuits, legal, sanctions, Citgo, PDVSA, Delcy Rodriguez, United States, Venezuela
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