From oil to extortion, ISIL’s monthly millions in US sights

From oil to extortion, ISIL’s monthly millions in US sights

The National | October 23, 2014 | by Taimur Khan

The extremists in Iraq and Syria earn around US$1 million (Dh3.67m) a day from oil and petroleum products alone, which they sell to Turkish and Kurdish smugglers and middlemen as well as Syria’s Assad regime, said David Cohen, who leads Washington’s financial counter-terrorism efforts against ISIL.

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