Portugal’s Novo Banco Ordered To Return $1.5 Billion To Venezuela
Venezuelan authorities have announced that Portuguese courts have ruled in favor of Venezuela and ordered Novo Banco to return $1.5 billion illegally seized from accounts belonging to the Venezuelan government, following the failed 2019 US-led regime change operation that attempted to oust President Nicolás Maduro.
“Breaking news: the Bolivarian [Venezuelan] government wins trial and recovers its assets in Portugal,” wrote the Venezuelan minister for communication and information, Freddy Ñáñez, officially disclosing Portugal’s judiciary decision via social media this Wednesday, August 9. “$1.5 billion were released by Novo Banco.”