Weekly Report - 29 January 2026 (WR-26-04)

Ecuador’s President Daniel Noboa announced on 21 January that Colombian imports would face a 30% ‘security tax’ due to the country’s alleged failure to combat crime along the border. Colombia responded in kind and also announced a suspension of electricity imports to Ecuador – a move which could undermine Ecuador’s recovery from the devastating energy crisis of 2023-2025 and to which the Noboa administration responded by announcing a massive increase in the price charged to move Colombian oil through the Ecuadorean pipeline system.