No. of Recommendations: 7
Trump Brought Venezuelan Gold to the U.S., but Refiners Won’t Touch ItThe administration is brokering deals in a notoriously corrupt industry, including one with a company that the United States deems a security threat.
Mr. Trump himself had once blacklisted Venezuelan gold, declaring that it destroyed the environment, poisoned people and financed gangsters and corrupt military officials. But after Mr. Trump toppled the Venezuelan president Nicolás Maduro, his view changed.
On the same day that the bars arrived at the White House, the Trump administration issued a new policy allowing traders to import Venezuelan gold from one of the world’s most violent and corrupt mining regions. The first supplies would come from a state-owned mining company that remained a designated U.S. national security threat.
...
But partly as a consequence of the administration’s hasty approach, all that gold — hundreds of millions of dollars’ worth — sits untouched in warehouses, according to three people with knowledge of the shipments. Refiners would need to guarantee, under international rules, that the gold has not funded gangs, environmental destruction or corruption. NYT
Shared article:
nytimes.com - Venezuela gold trumpCorruption, gangs and environmental destruction. On brand for Trump.
