Colombian President Faces Financial Struggles After US Sanctions Freeze Banking Access and Presidential Salary

Oct 31, 2025 09:58 am CST

Colombian President Gustavo Petro is experiencing significant financial difficulties following US sanctions that have frozen his bank accounts and complicated access to his salary. His lawyer Daniel Kovalik revealed that Petro, sanctioned by the Trump administration over alleged failures to combat drug trafficking, now faces practical challenges including refusal of service for the presidential aircraft. The sanctions impact extends beyond personal finances, potentially affecting any entity conducting business with the Colombian leadership.