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Thursday, 13 August 2026

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Venezuela to recover foreign assets to support earthquake victims

The Venezuelan government and opposition have agreed to reform the judicial system to recover frozen assets abroad, aiming to assist victims of the June 24 earthquake.

Venezuela to recover foreign assets to support earthquake victims
Photo: Venex_jpb · Openverse · BY-SA

The Venezuelan government and opposition have reached an agreement to reform the judicial system, focusing on the recovery of frozen assets outside the country. This decision was made in response to the double earthquake that occurred on June 24, which affected several regions of the country.

The delegations involved in the negotiations were led by Jorge Rodríguez, president of the parliament, and Dinorah Figuera, former opposition deputy. The parties concluded the first round of discussions on Wednesday, primarily addressing issues related to the recovery of assets.

Venezuela to recover foreign assets to support earthquake victims
Photo: Venex_jpb · Openverse · BY-SA

The government aims to use the recovered assets to support the earthquake victims, providing the necessary resources for humanitarian aid. Specific details about the quantity or location of the assets have not yet been disclosed.

The reform of the judicial system is seen as an important step to facilitate this recovery, especially in a context where the country faces significant economic challenges. Conversations between the parties are crucial to finding solutions that benefit the affected citizens.