Venezuela’s Maduro wins UK court appeal over $1 billion in gold reserves held by the Bank of England

– Venezuelan president Nicolas Maduro won a UK court appeal that ruled the legal battle over $1 billion in gold reserves held by the Bank of England must be reconsidered.

– Britain’s second-highest court reversed a previous ruling that recognized Juan Guaidó as Venezuela’s interim president.

– The UK’s recognition of Venezuela’s de facto leader “is to my mind ambiguous, or at any rate less than unequivocal,” court justices led by Judge Stephen Males said on Monday.

– Earlier this year, Maduro had demanded the gold held in the vaults of the Bank of England to help his cash-starved nation battle the COVID-19 pandemic. But his administration was refused access.