Buenos Aires Times

Your Window to Argentina and Beyond.
Thursday, Jun 25, 2026

U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations

Washington freezes assets of Petro and close associates amid deepening bilateral rift
The United States Department of the Treasury has imposed sweeping sanctions on Colombian President Gustavo Petro and key members of his inner circle, citing allegations that his administration has allowed drug cartels to flourish and failed to curb the flow of cocaine into the U.S. The penalties, unveiled October 24, 2025, include the first-ever designation of a Colombian head of state under the counter-narcotics provisions administered by the U.S. Office of Foreign Assets Control (OFAC).

President Petro, his wife Verónica Alcocer, their son Nicolás Fernando Petro Burgos and Interior Minister Armando Benedetti are now barred from transactions with U.S. persons and have had any U.S. assets frozen.

Treasury Secretary Scott Bessent accused Petro’s government of having permitted cocaine production to “explode to the highest rate in decades” and of effectively allowing drug trafficking networks to operate unchecked.

He said the action signals that the U.S., under President Donald Trump, “will not tolerate the trafficking of drugs into our nation.”

Petro strongly rejected the charges, tweeting that his government “seized more cocaine than in the whole history of the world” and called the U.S. move “a complete paradox.” He has hired U.S. legal counsel and pledged to defend himself in U.S. courts.

Colombia’s Foreign Ministry reported that Petro reiterated to a U.S. envoy that Washington must “base its assessments on accurate data” regarding the country’s anti-narcotics efforts.

The sanctions follow a sharp deterioration in U.S.–Colombia relations.

In recent weeks the U.S. revoked Petro’s visa after a pro-Palestinian rally in New York, decertified Colombia as a cooperating partner in narcotics control for the first time in nearly three decades, and launched maritime strikes in the Caribbean that Petro criticised as violations of international law.

Colombian officials warned that the sanctions amount to an act of aggression against the country’s sovereignty.

While the U.S. framed the sanctions as narrowly targeted at the president and his close associates, analysts say the action is likely to have broader diplomatic and economic repercussions.

Colombia is one of Washington’s longstanding allies in the region, and the move may complicate counter-drug operations, trade relations and military cooperation.

Petro’s supporters view the measures as politically motivated, while some U.S. critics argue that direct action against a partner government head marks a departure from diplomacy.

The coming months will test whether the two nations can recalibrate the relationship or whether this episode marks a new low in bilateral ties.
Newsletter

Related Articles

Buenos Aires Times
0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×