Foreign Secretary Yvette Cooper confirmed that the gold will stay in storage until a government is officially recognized by the UK.

The UK maintains a "no recognition" stance to pressure for a democratic transition. ⏳ Recent Historical Context

The Maduro administration sued for access to the gold to fund pandemic relief.

Britain continues to hold over in Venezuelan gold at the Bank of England as of April 2026. The assets remain frozen despite the reported ousting of Nicolás Maduro in early 2026, as the UK government still refuses formal recognition of any current Venezuelan leadership. 🏛️ Current Legal Status

The UK Supreme Court ruled in 2021 that the judiciary must follow the government’s lead ("one voice" doctrine) and recognize Guaidó, effectively blocking Maduro's access.

Approximately 31 metric tons of gold bullion.