An opposition representative revealed on Wednesday that gold has been sent to Mali last year through Russian-owned planes by Venezuela for exchanging US dollars and euros which was remained afloat during President Nicolas Maduro’s government in spite of US sanctions. .

The chief overseas envoy of Juan Guaido (Venezuelan opposition leader), Julio Borges designated by the person himself said that the sent gold will be resold to UAE so that Maduro’s administration can get equivalent of minimum $1 billion in euros ($1.21bn).

The USA, which previously accused Maduro for rigging the re-election of 2018, has sanctioned state oil company of Venezuela in 2019 in a contract to pressurize Maduro to resign. As a result, this socialist government immediate called for the monetary gold sale for the income source including the dropping of the rate of central bank for 50 years gold.

Both European and USA authorities are requested for dismantling such organized crime team before they get more sophisticated by Borges. The chief continues to add that Venezuelan gold trade has been tracking since last year.

Borges continued stating Noor Capital- a leading Emirati company said that they bought 3 tonnes of gold back in 2019 from the central bank of Venezuela and abstained from such further transactions unless the situation of the Venezuela get stable regarding the 2020 transactions.

Although Noor Capital has not slipped any word for the comment they nodded that in 2019, January they purchased gold from Venezuela according to “international standards and laws in place for 21st January that year.

Borges’ assertions can’t be verified by the Reuters news agency. A close source of the Venezuelan government stated that the gold left to UAE within 2 stops with no additional detail about the matter.

No comment is there from information ministry of the Venezuelan government and central bank of Venezuela. Even the Mali and UAE governments keep silent while requesting for the comment.

Being the largest gold hub of the world, UAE has been responsive to numerous early criticisms regarding the opacity in their bullion trade with the pledge to develop robust mechanisms at fast rate for addressing the challenges of financial crime.

Washington which sanctioned the gold export of Venezuela recorded Maduro will continue the gold sale for funding the government of South America.

From 2016, Maduro is reported to be involved in certain illegal activities such as selling, distributing and mining gold with the incorporation of inner circle. According to the State Spokesperson of the USA Department, they fund repression considering the natural resources of the country as their own and declining the fragile ecosystem of the country.

Maduro is able to retain the powder with the support of allies and military of Venezuela, Cuba, China and Russia and stated Guaido as the American puppet approaches to oust him including the coup.