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Caracas, October 29, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez has instructed the Foreign Ministry and the Attorney General’s Office to advance diplomatic and legal efforts to recover 31 tonnes of Venezuelan gold held by the Bank of England’s vaults for more than six years.

The freeze on the reserves, currently valued at around US $4 billion, dates back to the United Kingdom’s refusal to recognize Nicolás Maduro’s 2018 reelection. A year later, opposition leader Juan Guaidó formally asked British authorities to prevent the Venezuelan government from accessing the gold.

During a cabinet meeting on Wednesday, Rodríguez described the ongoing freeze as a theft. 

“It is a mockery, but one aimed at illegitimately appropriating Venezuela’s gold reserves. We want no more excuses. Even the irrational lawsuit pursued by opposition factions was withdrawn by the very same people who brought it,” she said.

Rodríguez added that she “will not give up” on the claim and recalled that “there is an agreement among Venezuela’s political sectors” to secure the gold’s return. 

The Venezuelan government and an opposition sector representing the defunct 2015 National Assembly have been engaged in a US-backed dialogue process. On October 21, the delegations agreed to establish a joint commission to engage with London and seek the return of the reserves. The parties announced that the funds would be destined for post-earthquake reconstruction efforts, though Rodríguez has also pledged to use it to bolster public services and the electricity grid.

The acting leader had previously written to King Charles III requesting the release of the gold. In September, London and Caracas likewise began a diplomatic rapprochement and announced plans to appoint ambassadors to their respective missions.

According to reports, the Venezuelan gold is set to be transferred to the US Federal Reserve in New York, where its sale or use as collateral for loans would be contingent on the Trump administration’s approval and subjected to foreign audits.

Wednesday’s cabinet meeting additionally saw Rodríguez announce the arrival of 41 heavy machinery units to southeast Bolívar State to strengthen the Venezuelan Mining Corporation’s (CVM) operations at the Chocó plant.

The acting president said the delivery was part of a comprehensive state plan to acquire 544 pieces of equipment, including surface and underground machinery, drilling equipment, and mobile units. 

“More than 60 percent of this purchase will have arrived before the end of the year. What does that tell us? More gold production in 2027,” she affirmed. The Venezuelan executive has pushed a pro-business overhaul of mining legislation in recent months in a bid to court foreign investment. In September, New York-based Heeney Capital and commodities trader Mercuria Energy received a 30-year concession of the Chocó 10 mine in Bolívar State.

Rodríguez also promised short-term relief from electricity outages, often lasting up to 12 hours a day in certain parts of the country. However, she criticized the recurrent protests against blackouts

“I have not seen a single megawatt added to the national electricity system, which has been battered by the blockade, as a result of burning a tire (…) Soon, you will see relief in a country that has been hit so hard by the sanctions demanded by radical sectors,” she said.

Venezuelan authorities have pledged to restore 1,300 MW of generation capacity before the end of the year to mitigate a current deficit of around 4,500 MW. The Venezuelan National Assembly is close to approving a reform that will open electrical generation, transmission, distribution, and commercialization to the private sector.

Caracas has also turned to multinational corporations in a bid to recover the electrical grid.

However, GE Vernova CEO Scott Strazik stated that the company had already selected its contractors and completed the planning work but had not begun repairs because it has yet to be paid. “This is not an environment in which we are going to act without receiving payment upfront,” he said.

Meanwhile, popular organizations and trade unions staged demonstrations in Caracas and other cities on Tuesday. Through the newly formed “Blackout Victims Committee,” activists criticized the government for prioritizing the oil industry to satisfy US interests at the expense of rationing electricity throughout the country.

Edited by Ricardo Vaz in Caracas.

Caracas, October 24, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez announced a series of measures aimed at expanding tax collection.

In a televised broadcast on Wednesday, Rodríguez announced the immediate suspension of the mandatory use of fiscal printers. Introduced in 2018, the devices recorded every transaction and reported it in real time to the country’s National Integrated Customs and Tax Administration Service (SENIAT).

The costly equipment posed a significant barrier for entrepreneurs and small business owners, particularly in the country’s interior, where authorized suppliers are scarce.

Superintendent Román Maniglia said the decision is part of SENIAT’s technological modernization that will pave the way for the gradual introduction of digital invoicing, which will soon be available free of charge to all economic sectors. 

“We seek to lower the barriers to formalization across all sectors, particularly for the smallest businesses, entrepreneurs, and small and medium-sized enterprises (SMEs),” he stressed.

Rodríguez also announced a review of the registry of Special Taxpayers, known as “special contributors,” with the list reduced from 132,000 to around 44,000. These are individuals or legal entities that, because of their high income or assets, are subject to additional tax obligations.

According to the acting president, the review will add those who should have been included in this category and remove those who were classified as special taxpayers without meeting the relevant criteria.

Rodríguez said the changes are intended to improve tax services and expand revenue collection. She added that fiscal revenues rose by 27% in October, although she did not specify the basis for comparison or provide a breakdown of the amount collected. 

“We have been discussing the very low number of people who pay taxes in the country. This is a matter of fairness,” she added.

The latest announcements follow prior measures to facilitate tax collection. Earlier in October, SENIAT and banking superintendency SUDEBAN formalized an agreement to exchange information in real time in order to “strengthen revenue collection” and “facilitate the identification of potential tax discrepancies.”

The tax authority is now also interconnected with the Autonomous Service of Registries and Notaries (SAREN), the Administrative Service for Identification, Migration, and Immigration (SAIME), and the Central Bank of Venezuela (BCV).

“We have a very important system for cross-referencing information which, together with a new statistical information system, will allow us to start collecting what is owed,” Rodríguez said in this week’s broadcast. She added that the fiscal revenues will be directed to the Venezuela Renace Foundation, which is responsible for repairing and rebuilding homes damaged by the twin earthquakes of June 24.

The acting government has likewise announced a tax reform to be unveiled before the end of 2026. Its stated goal is to “harmonize the tax burden” so that it supports economic growth and private-sector production. 

In parallel, the Rodríguez administration is also pushing labor reform plans alongside private sector lobbies FEDECAMARAS and FEDEINDUSTRIA. The business representatives are proposing a “Law on Labor and Social Consensus,” also referred to as the Labor Emergency Law, that will reportedly reduce labor costs for employers. 

The proposal is being discussed with select trade unions, including the government-aligned Bolivarian Socialist Workers’ Central of Venezuela (CBST).

According to reports, the draft legislation seeks “transitional and alternative solutions” to the crisis in workers’ incomes and the stagnation of the minimum wage, which has remained frozen since 2022 while authorities prioritized non-wage bonuses. The proposal would not formally overhaul the entire Organic Labor Law, Workers and Employees (LOTTT), enacted under President Hugo Chávez in 2012, but labor activists warn that it would effectively sideline some of its provisions.

The landmark 2012 legislation reinstated the retroactive calculation of social benefits and severance based on a worker’s last salary, a provision that business groups want to eliminate, while trade unions consider it a red line. Workers’ organizations have staged multiple protests in recent months, demanding that the Rodríguez administration convert non-wage bonuses into salaries and reinstate collective bargaining rights.

Edited by Ricardo Vaz in Caracas.

Opposition figures join Tel Aviv protesters demanding an independent October 7 inquiry.

Thousands of Israelis are protesting against the government and calling for an independent inquiry into the security failures that led to the October 7, 2023 attacks.

Demonstrators rallied in the public plaza known as Hostages Square in Tel Aviv on Saturday, three days before Israel’s first general election since the genocidal war on Gaza began.

The protest was organised by the October Council, a group founded by the families of captives taken to Gaza three years ago, to demand accountability for the government’s failure to prevent the Hamas attack that preceded the war.

“Three days before the election, we will hold the culminating event marking three years of struggle to uncover the truth, demand accountability and establish a state commission of inquiry,” the October Council wrote on X ahead of the rally.

Elsewhere in Israel, protesters were also gathering for antigovernment demonstrations, reported Haaretz newspaper.

Taking part were leading figures from opposition parties, including Gadi Eisenkot of the Yashar party, who is Prime Minister Benjamin Netanyahu’s main centre-right rival.

In Tel Aviv, Eisenkot was greeted by chants of “Who’s coming? The next prime minister”, according to The Times of Israel. The leader of the Democrats, Yair Golan, was also at the rally.

“Masses, masses of masses, flowing in the ‘Democrats’ march from Rabin Square to the Hostages Square – for change, for hope, for r-e-v-o-l-u-t-i-o-n. What energy. This time it’s ours completely!”, Israeli citizen and lawyer Dan Adin posted on X.

Polls ahead of Tuesday’s election suggest a tight race, with Netanyahu’s right-wing bloc, in power since late 2022, neck and neck with Eisenkot’s. Neither bloc is currently projected to obtain a majority of seats in Israel’s parliament.

The election could be pivotal in determining whether Israel launches another round of strikes on Iran. Eisenkot is believed to be less inclined to resume military action against Tehran if he becomes Israel’s next prime minister.

However, on most other foreign policy issues, leading Israeli parties and politicians remain united, including in their opposition to the creation of an independent Palestinian state.

Ahead of the protest, the October Council alerted law enforcement to possible “provocations” from pro-government agitators.

“We have sent an urgent letter to the Police Commissioner following alerts about attempts by entities linked to the coalition to disrupt tonight’s rally,” it wrote on X.

The October Council aims to hold Israeli officials deemed responsible for the October 7 attacks to account and deliver justice for affected families.

Netanyahu’s coalition government, however, has refused demands to establish an independent commission of inquiry. Instead, it has offered to set up a “political” commission. Half of the commission’s members would be appointed by the government, while the remainder would be appointed by opposition legislators.

Opposition leaders have said they would boycott a commission appointed by politicians.