President Vladimir Putin has said that he has shared Russian intelligence data on the financing of ISIS with his G20 colleagues
He said that the terrorist group are being financed from 40 countries and is reported to include G20 member states.
During the summit, “I provided examples based on our data on the financing of different Islamic State (IS, formerly ISIS/ISIL) units by private individuals. This money, as we have established, comes from 40 countries and, there are some of the G20 members among them,” Putin told the journalists.
RT reported that Putin also spoke of the urgent need to curb the Islamic States illegal oil trade
“I’ve shown our colleagues photos taken from space and from aircraft which clearly demonstrate the scale of the illegal trade in oil and petroleum products,” he said.
“The motorcade of refueling vehicles stretched for dozens of kilometers, so that from a height of 4,000 to 5,000 meters they stretch beyond the horizon,” Putin added, comparing the convoy to gas and oil pipeline systems.
“It’s not the right time to try and figure out which country is more and which is less effective in the battle with Islamic State, as now a united international effort is needed against the terrorist group”, Putin said.
— Russia Direct (@Russia_Direct) November 16, 2015
The Islamic State makes an estimated $50 million a month selling crude from captured oilfields in Iraq and Syria, according to Iraqi intelligence and U.S. officials.
Immediately after the summit, the U.S. announced that its warplanes had begun to bomb ISIS truck convoys that were being used to “smuggle the crude oil it has been producing in Syria”coincidence? The U.S. seemed to know exactly where these convoys were, but only felt compelled to destroy them now.