Colombia to Suspend Coal Sales to Israel Over Gaza War

The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
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Colombia to Suspend Coal Sales to Israel Over Gaza War

The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images
The move is an escalation in a clash between two countries that have historically had warm relations, and which have had a free-trade agreement in force since 2020.Photographer: Jack Guez/AFP/Getty Images

Colombian President Gustavo Petro announced Saturday that his country will suspend coal exports to Israel as a rebuke against its deadly war against Hamas in Gaza.

Colombia is Israel's main coal supplier with exports of some $450 million in 2023, according to the Israeli embassy in Bogota, which remains operational despite Petro's government severing diplomatic ties in May, AFP reported.

Petro, Colombia's first leftist president and a fierce critic of Israeli Prime Minister Benjamin Netanyahu, said Saturday on X that coal exports to Israel would be suspended "until the genocide stops."

A government decree specified that the restrictions would remain "until the orders of provisional measures issued by the International Court of Justice (ICJ)... are fully complied with."

In late May, as part of a pending case brought by South Africa, the ICJ ordered Israel to halt its offensive on the southern Gaza city of Rafah, while also demanding the release of hostages and the "unhindered provision" of humanitarian aid into the Palestinian territory.

According to the Colombian government, the coal export ban will enter into force five days after the decree is published in the official gazette and will not affect goods that have already been authorized for shipment.

Bogota underscored coal's role as "a "strategic resource for the manufacture of weapons, the mobilization of troops and the manufacture of provisions for military operations."

Petro also said Colombia would stop purchasing weapons made by Israel, one of the main suppliers of the South American country's security forces.

On Thursday, the Colombian Mining Association expressed concern over the possibility of exports being suspended, noting a trade treaty between the two nations in place since 2020.

"Israel is a key destination for Colombia's thermal coal exports," the organization said in a statement, adding that banning shipments "jeopardizes confidence in markets and foreign investment."

Petro announced Colombia would sever ties with Israel in May over the Gaza conflict and open an embassy in Ramallah in the Palestinian territories.



BRICS Countries Back Grain Exchange Idea

People walk past the Sandton Convention Center, which hosted the BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway
People walk past the Sandton Convention Center, which hosted the BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway
TT

BRICS Countries Back Grain Exchange Idea

People walk past the Sandton Convention Center, which hosted the BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway
People walk past the Sandton Convention Center, which hosted the BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway

The BRICS group of countries have supported an initiative to set up a grain exchange, Russian Minister of Agriculture Oksana Lut said on Friday.
The exchange would allow buyers to purchase directly from producers and has been backed by Russian President Vladimir Putin ahead of a BRICS summit to be held in Russia in October, Reuters said.
"We will work together with our colleagues on creation and development of this platform and the development of the possibility of settlements in national currencies of the BRICS countries," Lut said after a meeting of BRICS agriculture ministers held in Moscow.
The BRICS grouping, which includes Brazil, India, China and South Africa among others, accounts for more than 30% of global agricultural land, according to Russian export center Agroexport.
It also accounts for more than 40% of global cereal and meat production, nearly 40% of dairy products and more than 50% of total fish and seafood production.
"Last year, the association accounted for more than a third of Russia's exports of agro-industrial products - that's $15 billion," Lut said regarding BRICS countries.