In the recently concluded G20 summit in Antalya, Turkey, Russian President Vladimir Putin dropped bombshell information as to the identities of the financiers behind the ISIS.
He said funding comes from individuals and groups mostly coming from 40 countries, including from those who are members of the G20. Nevertheless, the president expressed optimism to a possible union of forces with Western countries in the fight against the terrorist group.
Speaking with the press, Mr. Putin said he took his speech at the summit as an opportunity to provide “examples related to our data on the financing of Islamic State units by natural person in various countries. The financing comes from 40 countries, as we established, including some G20 members.”
The Russian president said that the war on terror was especially crucial after the Paris attacks. “We all understand that the means of financing terrorism should be severed. I’ve demonstrated the pictures from space to our colleagues, which clearly show the true size of the illegal trade of oil and petroleum products market. Car convoys stretching for dozens of kilometers, going beyond the horizon when seen from a height of four-five thousand meters,” Mr. Putin said in detail.
World War 3 fears loom in the horizon, but that was before UK Prime Minister David Cameron and President Barack Obama made the first move to surrender to Mr. Putin, begging him to join forces in the fight with the ISIS. The most recent airstrike conducted by Russia obliterated key ISIS facilities, sending members to scamper like rats.
Mr. Putin nevertheless recognized that he needs the support from the U.S., Saudi Arabia and Iran in the fight against ISIS. “It’s not the time to debate who is more effective in the fight against [ISIS], what we need to do is consolidate our efforts,” Mr. Putin said.
According to Forbes, the ISIS is the richest terrorist organization with an annual turnover of $2 billion going to as much as $3 billion. Its main funding sources are oil trade, kidnapping and ransom, collecting protection and taxes, as well as bank robberies and looting. It is also the most ambitious with the ultimate goal of establishing Islamic State of Iraq, Syria, Jordan, Lebanon and Palestine and triumph “holy war” against Christians and the Jews.
A 2013 study from Thomson Reuters said the ISIS also received private and institutional donations from Gulf States like Saudi Arabia, Kuwait and Qatar. In 2006, the group was already raising as much as $70 million a year from criminal activities. In the previous years, it was receiving foreign donations amounting to as much as $50 million a year.