Source: International Business Times
Venezuela's gold reserves plummeted over the past years, now standing at barely 53 despite continued mining in the country's mineral-rich region, according to a new report. Much of the gold was sent to Turkey, Iran, Russia and the United Arab Emirates, and was reportedly used to finance imports or avoid international sanctions, Spanish outlet El Pais detailed. The report detailed that relations between Caracas and Ankara deepened after 2016, as tensions with the United States and Venezuela's economic collapse encouraged closer cooperation between the two.
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