Venezuela And Turkey Unite To Refine Tons Of Gold Amid US Sanctions | WHAT REALLY HAPPENED

Venezuela And Turkey Unite To Refine Tons Of Gold Amid US Sanctions

Venezuela and Turkey are working on a deal to ship tonnes of gold to refine and certify in the Turkish city of Corum this year.

Facing sanctions and international pressure, Venezuela is increasingly turning to Turkey as a partner in the Middle East. Ankara will provide a host of services to Caracas, including building hospital and schools and providing humanitarian aid as a part of the gold refining deal.

Venezuelan Minister of Industries and National Production Tareck El Aissami will finalise a deal on the gold trade during a visit to Turkey on Wednesday. He will also tour an industrial complex in Corum, where Ahlatci Metal company has a refinery with an annual capacity of 365 tonnes, according to a spokesperson from the Turkish precious metals company.

Aissami is visiting Turkey amid US sanctions against Venezuelan gold imports, which are further debilitating the country's failing economy that is in need of fresh capital. Aissami himself is targeted by a set of sanctions by the European Union and the US due to allegations of corruption and drug trafficking.

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