Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Colombia to launch military operation against armed groups on border

Published 11/28/2022, 02:44 PM
Updated 11/28/2022, 08:05 PM

BOGOTA (Reuters) - Colombia will launch a military offensive against illegal armed groups operating in border areas, and it is seeking collaboration from neighbors, Interior Minister Alfonso Prada (OTC:PRDSY) said on Monday.

The South American country has been rocked by almost six decades of internal conflict, leaving at least 450,000 dead.

President Gustavo Petro, the first leftist to lead the country, who took power in August, recently restarted peace talks with the National Liberation Army (ELN) guerrilla group, with negotiations in Venezuela, while also looking to implement a 2016 peace deal with now-demobilized FARC guerrillas.

Under plans for total peace, Petro also hopes to end fighting with two dissident FARC factions who reject that peace deal, while drug traffickers and criminal gangs involved in cocaine production and trafficking could receive reduced prison sentences if they submit to justice, share details about trafficking routes, and turn over their fortunes.

"We have established contact with the countries on the border, because we noticed activity on the border that we are going to combat with our forces, but also with the international collaboration of Ecuador, Brazil, Peru, Venezuela and Panama," Prada told journalists.

The aim is to confront criminal groups operating internationally with focuses in various illegal industries, which requires collaboration with other countries, Prada said.

Six platoons of 400 personnel each will be deployed to the south of the country, Prada added. Recent fighting in the region between two factions of FARC dissidents over control of drug trafficking left at least 18 people dead.

Security sources said extensive crops of coca - the main ingredient in cocaine - have been detected along Colombia's borders, as have laboratories for producing the drug. They also reported that illegal armed groups involved in drug trafficking and with ties to Mexican cartels are operating in the region.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.