London – U.S. Says Islamic State Has Made $1.5 Billion From Bank Looting, Oil Sales

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    Smoke rises from the Ajil oil field as Shi'ite fighters stand near their military vehicles in Al Hadidiya, south of Tikrit, en route to the Islamic State-controlled al-Alam town, where they are preparing to launch an offensive on Saturday, March 6, 2015. REUTERSLondon – Islamic State militants have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior U.S. Treasury official Adam Szubin said on Thursday.

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    “ISIL has made more than $500 million from black market oil sales,” Szubin, acting Under Secretary for Terrorism and Financial Intelligence with the U.S. Treasury, said in remarks prepared for delivery.

    “It has looted between $500 million and $1 billion from bank vaults captured in Iraq and Syria,” Szubin said. “And it has extorted many millions more from the populations under its control, often through brutal means.”

    Szubin spoke at Chatham House in London.


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    4 Comments
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    puppydogs
    puppydogs
    8 years ago

    Yey Obama refuse to bomb them.

    When Trump suggested this months ago everyone said he was crazy…….Now even the White House is coming around.

    Curiosity
    Curiosity
    8 years ago

    Which country is buying half a billion of dollars worth of oil from terrorists?! They need to be sanctioned and excommunicated from the world for enabling terrorists. But instead, everyone’s attention is turned to how Israelis are shooting terrorists who come to kill them.

    yankee96
    yankee96
    8 years ago

    the world is so corrupt and crazy it would be laughable if it would not be so sad !!