UN Resolution Targets Sources Of ISIS Financing
The United Nations Security Council has adopted a resolution that targets individuals and entities trading with the extremists ISIS over the latter’s illegally sourced oil products. Unanimously approved on Thursday, the measure meant to choke the sources or suppliers of cash to the group.
The measure, the text of which was drawn up by Russia, called on all 193 member-countries of the United Nations to make the "appropriate steps" that will stop the ghastly trade in cultural property from Iraq and Syria. It was a follow-up resolution to the one effected in August that warned countries engaging with the jihadi fighters could face sanctions if they trade in oil with the Islamists. A senior Western diplomat told Reuters the Syrian regime as well as some of the Turkish have been positively identified as having bought oil from the radical group.
The resolution focuses on the three main sources of the ISIS’ revenue, including oil, sale of antiquities and ransom from kidnappings. Countries will be ordered to not purchase oil from the ISIS, stop paying ransoms as well as not purchase antiquities that the group had looted.
"This resolution is fully comprehensive and it’s mandatory," Mohamed Ali Alhakim, Iraq’s Ambassador to the United Nations, told Fox News. "Terrorism is the most important aspect, that includes recruiting and other things. If you remove financing, you remove the heart and soul of terrorism."
Mark Lyall Grant, British ambassador, said the resolution was well accepted by each country. "I don't think this is a fundamental shift but it is an additional legislative act by the council," he said. "It demonstrates our determination to tackle ISIL."
U.S. Ambassador Samantha Power lauded the resolution as "robust" because it provided "clear practical instructions" that will guide global governments on preventing oil smuggling. The resolution has likewise mandated all member countries to report within 120 days on measures each is making to clamp down on ISIS financing.
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