Venezuela’s Acting President Delcy Rodriguez appointed Deputy Minister Oliver Blanco as the country’s new Foreign Minister on Thursday, while outgoing top diplomat Félix Plasencia will lead the mission to recover Venezuelan gold held in the United Kingdom.

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Acting President Delcy Rodriguez announced the moves in Caracas during an event focused on the National Electric System, where she also outlined plans for the country’s energy infrastructure.

The reshuffle places a 35-year-old diplomat at the helm of the Foreign Ministry and redirects a veteran official toward a long-running dispute over state assets frozen abroad.

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“I have decided to appoint Oliver Blanco as Foreign Minister of the Bolivarian Republic of Venezuela. I hope this strengthened team keeps advancing in the changes and the geopolitical recovery of Venezuela in areas of cooperation and friendship with all countries,” Rodriguez said.

He designado a Oliver Blanco, joven profesional de las relaciones internacionales, como nuevo ministro del Poder Popular de Relaciones y Comercio Exterior. Confío en su preparación, compromiso y capacidad para asumir esta importante responsabilidad al servicio de Venezuela.… pic.twitter.com/A0gaqGOWnv

— Miraflores Al Momento (@MirafloresAM) October 29, 2026

Text reads: “I have appointed Oliver Blanco, a young professional in international relations, as the new Minister of People’s Power for Foreign Relations and Trade. I trust in his preparation, commitment and ability to take on this important responsibility in the service of Venezuela. I thank Félix Plasencia for his dedication and work at the head of the Chancellery, and who will now assume new international strategic tasks.”

The new Foreign Minister Blanco, holds a degree in International Studies from the Central University of Venezuela and a master’s degree in Political and Government Studies from the Metropolitan University. His previous post covered Europe and North America, a portfolio that included some of the governments most active in the sanctions and asset disputes that have defined Venezuela’s recent foreign relations.

Gold Recovery Mission

Felix Plasencia, who steps down as Foreign Minister, will now serve as director of International Affairs for the Presidency. His immediate priority is clear. “His first task is to settle in the United Kingdom until we recover the gold that belongs to Venezuelans,” the Acting President Rodriguez stated.

The assignment follows a request Rodriguez made on Wednesday. She asked the Foreign Ministry and the Attorney General’s Office to begin formal procedures to recover Venezuelan gold retained at the Bank of England. The precious metal has been at the center of a legal battle involving rival claims over Venezuela’s legitimate government, with London courts weighing which authority controls the reserves.

Recibo con mucha humildad y compromiso la responsabilidad que me ha encomendado la presidenta encargada, @delcyrodriguezv.

Defenderé nuestra soberanía y el interés nacional con firmeza, trabajando siempre por alcanzar beneficios concretos para nuestra gente.

Me siento orgulloso… pic.twitter.com/AamIdSnuvS

— Oliver Blanco (@OliverBlanco) October 29, 2026

Text reads: “I accept with great humility and commitment the responsibility entrusted to me by the Acting President @delcyrodriguezv. I will defend our sovereignty and national interest firmly, always working to achieve concrete benefits for our people. I am proud to accompany the Acting President in this process of democratic transformation, to which we all have something to contribute to bring it to a successful conclusion.”

Cabinet Reshuffle Expand

The changes extend beyond the two senior positions. Marynna Saatdjian will take over as Vice-minister for Europe and North America, filling the role Blanco leaves behind. Saúl Ameliach, until now a Vice-minister at the Ministry of Economy and Finance, moves to head the Vice-ministry of International Trade.

Acting President Rodriguez framed the appointments as part of a broader effort to strengthen Venezuela’s diplomatic corps. She emphasized that the government will continue pursuing cooperation and friendship with all countries while defending national sovereignty.

The diplomatic shift carries particular weight given the gold dispute. Venezuela has pursued the release of its reserves held in London for years, arguing the assets belong to the Venezuelan people and are needed for social programs and economic recovery. By sending Plasencia directly to the United Kingdom, the government signals it intends to press the matter with renewed intensity.

With Blanco at the Foreign Ministry, Plasencia handling international affairs from the Presidency and new vice ministers in place, the administration has assembled a team positioned around two core objectives: restoring full diplomatic engagement and reclaiming state assets held overseas.

Acting President Delcy Rodriguez demanded Wednesday that the Bank of England return Venezuela’s gold, calling the metal a Central Bank reserve that belongs to the Venezuelan people and declaring that no excuse remains.

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Venezuelan Acting President Delcy Rodriguez delivered the demand during a working meeting with the Council of Ministers and regional authorities held at Miraflores Palace. She insisted the gold constitutes a reserve of the Central Bank and belongs to the nation.

Rodriguez recalled that the National Assembly, including the 2015 legislature, had produced an agreement in which political sectors of Venezuela called for the gold’s return, framing the demand as a settled matter of national will.

RELATED: Venezuela Oil Production Hits 1.25 Million Barrels Daily in Major Recovery

The Acting President added that an irrational legal action that opposition figures had attempted was dropped by those same actors. That withdrawal, she argued, removed any remaining justification for the Bank of England to hold the metal.

“There is no excuse. That is the only thing I have to tell the Bank of England. They must return Venezuela’s gold, which belongs to Venezuelan men and women”, she stated.

The language was direct. Rodriguez offered no room for negotiation, framing the gold as a sovereign asset held outside the country against the will of Venezuelan institutions.

#28Oct | La presidenta encargada de Venezuela, Delcy Rodríguez, solicitó a la Cancillería de la República y a la Procuraduría General que inicien las gestiones correspondientes para recuperar el oro venezolano que se encuentra en el Banco de Inglaterra.

“No voy a dejar de exigir… pic.twitter.com/0c91WycZcn

— El Diario (@eldiario) October 28, 2026

Text reads: “The Acting President of Venezuela, Delcy Rodriguez, requested the Ministry of Foreign Affairs and the Office of the Attorney General to initiate the appropriate steps to recover the Venezuelan gold that is at the Bank of England. “I will not stop demanding the Bank of England to return our gold. Enough excuses. There was an agreement”, said Rodriguez, referring to the agreement to recover international reserve assets reached last August during the first cycle of dialogue between the delegations of the elected National Assembly in 2015 and the government (…)”

Mining Push Grows

The same working session included a live link with Mining Minister Hector Silva from the Choco plant in Bolivar state. Silva confirmed the arrival of 41 surface machines, part of a total of 544 pieces of equipment purchased by the state.

Those machines are meant to boost gold and coal production. The government tied the mining drive to strengthening the country’s reserves and generating income for social projects, health care, and worker welfare.

The equipment delivery anchors the government’s broader argument. Venezuela insists it does not need foreign permission to manage its resources, whether gold underground or gold stored abroad.

The Bolivarian government also pledged a productive revival across the country to energize the engines of the economy and support organized local development. The gold demand sits at the center of that agenda. Every program announced, from ham production to health brigades, depends on revenue the government says its reserves should generate.

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Una publicación compartida de teleSUR English (@telesurenglish)

Venezuela has long argued that the Bank of England’s refusal to release the gold violates its sovereignty. Acting President Rodriguez renewed that claim in the sharpest terms, insisting the metal funds the welfare of a people, not the accounts of a foreign institution.

No response from the Bank of England appears in the official record. The demand now stands public, delivered from the presidential palace and addressed directly to London.

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