As The Canary has extensively reported, since January 2019 Venezuela has been subjected to a US-backed coup attempt. The putsch began when a previously unknown member of Venezuela’s legislature declared himself ‘interim president’. He was quickly recognized as the oil rich South American country’s legitimate leader by the US and most of its Latin American and Western European allies, including the UK government of then-prime minister Theresa May.
As part of the coup attempt, the Bank of England unilaterally froze assets belonging to Venezuela. But the beleaguered nation will soon have the opportunity to recoup its stolen property in court. And as the case’s hearing approaches, the UK government has made one last desperate move. Evidently, it hopes to salvage whatever’s left of its international credibility by avoiding the likely embarrassment of having to hand it back to its rightful owner.