1-6 of 6 results for subject:Venezuela
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Would the Minister agree that Russia becomes more assertive with failing western diplomacy and when it perceives weakness? If strength is the answer, how will our policy towards Venezuela be sharpened to counter the Russian presence?
Would the Minister agree that Russia becomes more assertive with failing western diplomacy and when it perceives weakness? If strength is the answer, how will our policy towards Venezuela be sharpened to counter the Russian presence?
My Lords, diplomacy is one Britain’s great strengths on the world stage, and I assure the noble Lord of the strength of our diplomacy, both in the region and with European partners. Indeed, 24 EU member states have now recognised Juan Guaidó as the interim President. I believe we need to pursue that particular avenue to ensure international pressure continues. We are looking at broadening sanctions on Venezuela but at the same time ensuring humanitarian aid, both food and medical, is delivered, which the people of Venezuela are in dire need of.
To ask Her Majesty's Government what support they are providing to enable Juan Guaidó to become the interim President of Venezuela.
To ask Her Majesty's Government what support they are providing to enable Juan Guaidó to become the interim President of Venezuela.
We are working closely with EU partners, regional organisations such as the Lima Group and like-minded international partners to ensure a peaceful resolution to the current crisis and a return to democracy. We urge all Venezuelans to recognise Juan Guaido as the constitutional interim President of Venezuela until new presidential elections that are free and in accordance with international democratic standards are held.
To ask Her Majesty's Government whether the Prime Minister has received a letter dated 26 January from Juan Guaidó, President of the National Assembly of Venezuela, relating to a request to halt financial transactions from the Bank of England to Venezuela; and if so, what will be their response.
To ask Her Majesty's Government whether the Prime Minister has received a letter dated 26 January from Juan Guaidó, President of the National Assembly of Venezuela, relating to a request to halt financial transactions from the Bank of England to Venezuela; and if so, what will be their response.
I can confirm that Mr Guaido wrote to the Prime Minister and the Governor of the Bank of England on 26 January. The Bank of England is an independent institution. Decisions about such issues are a matter for the Bank of England.
My Lords, I remind the Minister that I have some related unanswered Questions, which he will no doubt answer in due course. Can he confirm whether gold assets are being held by the Bank of England on behalf of the central bank of Venezuela? Has there been any request to effect a transfer of any part of those assets? Are the Government empowered to block future requests for anything other than a proven legitimate reason?
My Lords, I remind the Minister that I have some related unanswered Questions, which he will no doubt answer in due course. Can he confirm whether gold assets are being held by the Bank of England on behalf of the central bank of Venezuela? Has there been any request to effect a transfer of any part of those assets? Are the Government empowered to block future requests for anything other than a proven legitimate reason?
With any matters relating to the Bank of England, it is appropriate for the Bank of England, in terms of confidentiality, to respond. The noble Viscount’s point is important. In making a request for a client, I am sure that the Bank of England would look at the appropriateness and legitimacy of both the client and the request.
To ask Her Majesty's Government whether they will consider a moratorium on any repatriation of gold held by the Bank of England to the government or Central Bank of Venezuela until such time as they are satisfied that any repatriation meets the best interests of the people of that country.
To ask Her Majesty's Government whether they will consider a moratorium on any repatriation of gold held by the Bank of England to the government or Central Bank of Venezuela until such time as they are satisfied that any repatriation meets the best interests of the people of that country.
Holding gold reserves on behalf of any foreign central bank is a matter for the Bank of England. The Bank of England does not share information on which central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations. Repatriation of any gold held at the Bank of England is ultimately a matter for the Bank of England. HM Treasury only has direct control over Government holdings of gold within its official reserves, which are held at the Bank of England.
The UK fully implements UN, EU and UK domestic sanctions law. The EU sanctions regime on Venezuela, introduced in November 2017, includes targeted asset freezes applied to a number of senior Government officials in the Maduro regime.
To ask Her Majesty's Government what assessment they have made of (1) the benefits to the UK of holding gold reserves for the central bank of Venezuela, and (2) the value of gold held by the Bank of England for the central bank of Venezuela; and whether they have a...
To ask Her Majesty's Government what assessment they have made of (1) the benefits to the UK of holding gold reserves for the central bank of Venezuela, and (2) the value of gold held by the Bank of England for the central bank of Venezuela; and whether they have a...
HM Treasury is unable to substantiate whether the Bank of England holds gold for the Central Bank of Venezuela as that is a matter for the Bank of England. HM Treasury has not made an assessment of the benefits to the UK of the Bank of England holding gold reserves for other central banks. Holding gold reserves on behalf of any foreign central bank is a matter for the Bank of England. The Bank of England does not share information on which central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations.