Wed Feb 4, 2015 11:38PM
The Russian Federation is drafting a resolution at the UN Security Council in an effort to prevent countries from funding the ISIL terrorists fighting against the governments in Iraq and Syria.
Russia and council diplomats made the announcement on Wednesday.
“We are preparing (the resolution) and we hope it’ll be adopted by the UN Security Council in the coming days,” a spokesman for Russia’s United Nations mission said.
Russia is drafting the legally binding resolution, which, according to a Western diplomat speaking on condition of anonymity, has already been circulated among other permanent members of the Security Council – the United States, Britain, France and China.
Oil, the sale of antiquities, and ransom from abductions are the three sources of revenue for the Takfiris, on which the resolution is focused.
If adopted, it will demand countries not buy oil or antiquities from the terrorists and refrain from paying them ransoms.
The ISIL’s oil revenue has fallen to around $500,000 per day from more than $1 million two months ago, according to another senior Western diplomat, also speaking on condition of anonymity.
The extremist group also makes approximately $96,000 to $123,000 per day from ransom payments, said a UN report last November.
The ISIL terrorists have been committing heinous crimes in Iraq and Syria, including the mass execution of civilians and Iraqi security forces.