An UN-named major source of income of the Islamic state

The main source of financing of the terrorist group «Islamic state» is the trading of oil extracted from the captured ISIS territory. This is stated in the UN Secretary General’s report, which was presented by his Deputy for political Affairs, Jeffrey Feltman, reported on the website of the organization, reports

«The main sources of funding are the use of oil and other natural resources of the occupied territories, «tax», confiscation, looting of archaeological sites, external contributions, or funds for the redemption of hostages and other financial schemes, such as fundraising via the Internet, including through social networks,» the document says.

It also States that the IG is benefiting from its relationships with individuals and groups involved in transnational organized crime.

The report notes that today «ISIS is the richest terrorist organization in the world.» In 2015, the volume of its revenues from the sale of oil and oil products amounted to 400 to 500 million dollars.

«The proceeds from the sale of oil, the Islamic state uses to purchase weapons, military equipment and ammunition», — is spoken in the document.

In the report of the head of the United Nations notes that in 2016 due to air strikes of the international coalition on refineries and oil depots income of terrorists from oil can be reduced.

Thus, speaking at a meeting of the UN security Council, Feltman noted that the United Nations, unfortunately, could not make an independent evaluation submitted by member States data and schema of possible routes that ISIS uses to illicit trade in oil and oil products.

The report of the UN Secretary General reported that allegiance to the «Islamic state» has 34 sworn armed groups in various countries, including in Libya, Nigeria, Pakistan, Uzbekistan and the Philippines.

In December last year the Russian defense Ministry provided evidence that the Turkish government and President Recep Tayyip Erdogan is involved in illegal extraction and transportation to Turkey of Syrian and Iraqi oil. The defense Ministry also said that the leadership of the IG one-third reduced payments to militants after declining revenues from illicit oil sales to Turkey.

In turn, Erdogan was accused of buying oil from terrorists through the Russian intermediaries regime of Bashar al-Assad.

In turn, the U.S. Treasury reported that the group cut payments to fighters by 50% due to damage from bombing. According to Financial Times, the leadership of IG members pay the group about $ 600 million a year.

18 December 2015, the UN Security Council adopted a resolution that States have an obligation to combat terrorist financing, in particular, to freeze assets, deny entry or transit, prevent direct or indirect supply of arms to persons and organizations that will be placed in the sanctions list of the security Council.

We will note, according to experts and IHS Global Strategies, 43% of the profits of the militants of the «Islamic state» obtained through illicit oil trade. Countries will not openly do business with terrorists, so to sell oil using smugglers and middlemen. They buy oil from Islamic state and sell them on. By the same principle the organization has been trafficking in drugs and antiquities (artifacts), which are very much on the territories controlled by the Islamic state. «Taxes» with the local population is about 50% of the profits of the terrorists.

According to American authorities, «IG» monthly receives from smuggling oil $ 40 million, with the largest quantity buys the Assad government and the rest through the intermediary goes to neighbouring countries.

Because of this, at the end of last year, the international coalition led by the U.S. made the decision to change tactics of struggle with «IG». The main goal of the military effort of the coalition since are attacks on the sources of financing of the «Islamic state» and not a purely military confrontation.

Two large storage tanks of the Islamic state were destroyed from the air by coalition members on December 29.

On 9 November the French air force eliminated the oil depot of the Islamic state in Deir ez-Zor. After that, the evening of November 13, terrorists staged in Paris seven nearly simultaneous coordinated attacks on civilians in public places. Killed more than 140 people.

An UN-named major source of income of the Islamic state 10.02.2016

Февраль 10th, 2016 by
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