Ukraine Wants Britain to Return Cache of Gold

Reuters

The Soviet republic of the Ukraine said Tuesday it is serious about trying to retrieve gold deposited by a soldier in the Bank of England 270 years ago, a cache that could now be worth $29 trillion.

"Don't anybody consider this a legend," Gennady Oudovenko, the Ukrainian ambassador to the United Nations, told a news conference. "This is not a legend. This is reality."

The Bank of England said Monday it has no record of the claim in its current operations and safe deposit accounts.

One Ukrainian lawmaker estimated that the gold would be worth an astonishing $29 trillion if accrued interest were applied to current gold prices.

Deputy Vladimir Yavorivsky told the Ukrainian legislature Saturday that claims have been launched for the return of the gold, though the Bank of England said two days later it had not received an official request.

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