# Venezuela Requests Release of Frozen Assets to Aid Earthquake Recovery Efforts

*Venezuela's government urges the release of frozen assets to fund recovery from recent devastating earthquakes.*

July 8, 2026 · World

## At a glance

- Venezuela seeks release of frozen assets for earthquake recovery.
- Twin earthquakes killed at least 3,600 people last month.
- Foreign Minister Yvan Gil Pinto appealed to UN officials and partners.

Venezuela's government has called for the release of frozen assets to help raise funds for the country's recovery from last month's twin earthquakes that killed at least 3,600 people. Foreign Minister Yvan Gil Pinto made the appeal during a meeting with UN officials and partners.

## Government Appeal for Funds

Foreign Minister Yvan Gil Pinto emphasized the urgent need for financial resources, stating, 'We call upon all countries currently holding blocked funds belonging to Venezuela to initiate a plan to release these funds so that they can be used for recovery efforts.'

## Frozen Assets and Sanctions

The Venezuelan state has accounts in various parts of the world that have been frozen due to illegal sanctions. The government argues that these funds are crucial for the immediate and long-term recovery of affected regions.

## Impact of Earthquakes

The twin earthquakes have caused significant damage across Venezuela, leading to widespread destruction of infrastructure, homes, and critical services. The death toll stands at 3,600, with many more injured and displaced.

## International Response

The international community has shown varying levels of support for Venezuela's appeal. Some countries may be hesitant due to existing sanctions and political tensions, while others are evaluating the request based on humanitarian grounds.

## Why This Matters

For Bangladesh, this situation underscores the importance of international cooperation in disaster recovery. It highlights the challenges faced by nations under sanctions and the humanitarian impact on their populations. Understanding Venezuela's plight can inform Bangladesh's approach to similar global issues.

## Sources

- BSS

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Source: https://pulsetoday.com.bd/en/world/venezuela-calls-for-release-of-frozen-assets-to-help-quake-recovery