Commentary A newly published investigation reports Venezuelan kingpin Nicolás Maduro and his cabinet allegedly received around $1 billion in 2020 by illicitly trading gold reserves. According to the interim government’s commissioner for foreign affairs, the ruse evades international sanctions by using Russia as a middleman and refineries in Mali. The final transactions are then allegedly with Noor Capital of the United Arab Emirates. If true, as long as this scheme continues, sanctions which date back to the Barack Obama and Donald Trump administrations will remain defanged. Further, the Chavista regime under Maduro—as it continues the late Hugo Chávez’s mission—is digging Venezuela’s financial hole deeper and making a revival even more difficult for future generations. Julio Borges, who represents the democratic opposition’s shadow government under Juan Gaidó, released the report in Washington, D.C. on March 3. His belief is that the gold scheme goes back to 2014, but his $1 billion estimate is just for last year. Borges spoke before the U.S. Treasury …
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