Venezuela restores Colombia relations, ties fragile

By Ana Isabel Martinez

CARACAS (Reuters) - Venezuela will immediately restore diplomacy with Colombia but ties are still fragile, the government said on Sunday, after this week's resolution of a regional dispute that had raised fears of war.

A Colombian raid on a Marxist guerrilla camp in Ecuador last week sparked the region's worst diplomatic crisis in years, with Venezuela and Ecuador sending troops to their borders with Colombia, their U.S.-backed neighbor.

Leftist Venezuelan President Hugo Chavez cut ties with Colombia but, following a handshake at a regional summit on Friday, promised to quickly withdraw the 10 army battalions he had sent to the border and normalize relations.

Colombia's March 1 raid on a Revolutionary Armed Forces of Colombia, or FARC, rebel camp killed over 20 fighters including the rebel's second in command, Raul Reyes.

The attack came just days after the FARC released four lawmakers they had held hostage for years in a deal negotiated by Chavez, who has good relations with the guerrillas.

The foreign ministry said on Sunday that Venezuela would send diplomats, including a soon-to-be-named new ambassador, back to Bogota immediately and was ready to receive Colombian diplomats "as soon as possible."

Despite all sides de-escalating the conflict in recent days, relations are still delicate between Colombia's pro-Washington government and left-wing nationalists in Venezuela, Ecuador and Bolivia.

Venezuela's Foreign Minister, Nicolas Maduro, said the countries will need to move with caution to avoid new fractures between the ideologically opposed nations.