UN adopts resolution aimed at disrupting ISIS funding
NEW YORK (92 News) – The UN Security Council has passed a resolution strengthening legal measures against those doing business with terrorist groups.
The resolution is the result of a joint effort by Russia and the US, which both are leading anti-IS campaigns in Syria. It stems from a UNSC action taken in February against illegal trafficking of antiquities from Syria, which threatened sanctions on anyone buying oil from IS or the al Qaeda-linked Al-Nusra Front and urged that kidnap ransoms not be paid.
Some of the sanctions the UN could impose include asset freezes, travel bans, and arms embargos. The resolution also asks countries to report on what they have accomplished in disrupting IS’ financing within the next 120 days. It also calls on UN Secretary-General Ban Ki-moon to write up a “strategic-level report” analyzing IS’ sources of revenue within 45 days.