Colombian banking industry began to freeze bank accounts after the U.S. Treasury Department¡¯s Office for the Control of Foreign Assets (OFAC) announced sanctions on Colombian President Pedro and his family, Interior Minister Amando Benedetti.

The U.S. Treasury Department issued a statement on the 24th, announcing sanctions on Colombian President Petro and others. Petro responded on the same day, condemning the actions of the U.S. side and said he would never give in.