VENEZUELA BLASTS GUAIDO’S PLUNDER OF COUNTRY’S ASSETS
- By The Financial District

- Jul 20, 2020
- 2 min read
Venezuela has accused oppositionist Sen. Juan Guaido, who styles himself as president in direct challenge to Nicolas Maduro, as working hand-in-glove with US President Donald Trump in plundering the country’s assets.

The Maduro government said in a story published by teleSUR that Guaido swore himself as President of Venezuela on January 23, 2019 and vowed “to safeguard the nation's assets from the danger of falling into foreign hands due to the non-compliance of the Chavista authorities." With the support of Trump's administration, the conditions would be created for the illegal confiscation of Venezuelan assets abroad and the administration of millions of dollars under the excuse of "humanitarian aid to Venezuelans."
Thanks to "Guaido's government," teleSUR wrote on July 18, 2020 (July 19, 2020 in Manila) the US and its European allies have acquired an illegal source of resources, in the expectation of taking over the world's main oil reserve and important mineral deposits. In exchange, Guaidó and its allies administer sums in the millions, while the country is the victim of a criminal blockade and the theft of its assets, with the US filching first $20 million of Venezuela’s assets to fund Guaido in the guise of "humanitarian aid" and in the "fight against food and medicine shortages."
The Central Bank of Venezuela (BCV) agreed in 2015 to a $1.6 billion loan with Citibank with gold from international reserves as collateral. In March 2019, the bank alleged "delay in the partial payment of commitments" and decided to settle the gold to collect all the debt at once. The difference between the value of the guarantee and the amount for which the loan was made to the Republic is given to the "interim government." With the support of the U.S. government, Citibank transfers $340 million from the BCV account to a Federal Reserve account held by the National Assembly. The BCV described the act as vulgar dispossession of Venezuela's patrimony.
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