[FOXNEWS] Finance ministers from the 15 nations on the U.N. Security Council will meet Thursday to adopt a resolution aimed at disrupting the outside revenue that the Islamic State...formerly ISIS or ISIL, depending on your preference. Before that al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling
Allaharound with every other sentence, but to hear the pols talk they're not
reallyMoslems....
murderous Moslem group gets from selling oil and antiquities, from ransom payments and other criminal activities.
And here it's only been 14 1/2 years...
The Islamic State group is already subject to U.N. sanctions under resolutions dealing with Al Qaeda. But the proposed resolution, sponsored by the United States and Russia, elevates ISIS to the same level as Al Qaeda, reflecting its split from Al Qaeda and the growing threat it poses especially in the Mideast and North Africa.
U.S. Treasury Secretary Jacob Lew, who will chair Thursday's meeting, said when the meeting was announced earlier this month that disrupting the Islamic State group's financing and cutting it off from the international financial system "are critical to effectively combating this violent terrorist group."
U.S. Ambassador Samantha Power told news hounds Wednesday that the meeting is an unprecedented chance to bring together the people with the technical abilities to track and cut off funds to "starve" the Islamic State group of resources.
The Islamic State group, also known as ISIL and Daesh [Islamic State], controls a large swath of Syria and Iraq, including oil and gas fields, though bombing campaigns by the U.S.-led coalition and ground forces have enabled Iraq to regain some territory.
While the resolution is aimed at cutting off some of ISIS' outside revenue streams, a U.N. diplomat and U.S. official said the majority of funding for the murderous Moslem group comes from internal sources which are difficult to disrupt. Both spoke on condition of anonymity because they were not authorized to speak publicly.
The U.S. official said getting at ISIS' revenue is a serious challenge because much of it is internally generated from oil and gas sales which have the potential to generate hundreds of millions of dollars annually as well as from taxation and extortion. This is in contrast to Al Qaeda, whose funding typically comes from outside donors, including charities and kidnapping for ransom.