Bitcoin getwork c spire the terms you wish to search for. The Islamic State’s staggering successes come at a cost.
After all, it’s not cheap to wage war and manage territorial conquests whose population is now roughly the size of Austria’s. So how can ISIS, cut off from the rest of the world by financial and trade sanctions, and under daily aerial and land bombardment by some of the richest countries in the world, afford to maintain a well-armed military and pay other bills? Interviews with Iraqi, Kurdish, European, Syrian and American government officials, analysts and intelligence agents sketch a portrait of ISIS’s robust, sprawling, and efficient financial operation. Its currencies of choice—cash, crude oil and contraband—allow it to operate outside of legitimate banking channels. Luay al-Khatteeb, visiting fellow of the Doha Brookings Center and director of the Iraq Energy Institute in Baghdad. On October 23, Washington’s point person in the fight against ISIS—the U.
This presents a formidable obstacle for the U. Treasury, which is accustomed to pursuing its enemies by pressuring established banks to expose their criminal clients. ISIS’s use of middlemen across the Middle East to smuggle cash in and out of its territory, in addition to employing decades-old smugglers’ routes, makes the group especially hard to track. The reach of ISIS’s financial portfolio is broad and lucrative.
6 million a day, according to Masrour Barzani, head of Kurdish Intelligence and the Kurdistan Regional Security Council. Secret smuggling routes are often passed on by families from generation to generation, and they were well-secured during the lean years of economic sanctions imposed by the West during Saddam Hussein’s dictatorship in Iraq. They would turn a blind eye when cash in suitcases or trucks containing oil or goods passed through their checkpoints. Many smugglers who traded Saddam’s oil across Iraq’s borders to Kuwait, Iran and Turkey are now working the same routes between ISIS-held Iraq and the outside world. At its heart, the ISIS money machine runs on the fear—and greed—of the millions of people it controls.
It also manifests itself in a wide range of financial activities, many of them outsourced via middlemen and driven by hordes of self-interested parties. The ISIS economy and its fighters predominantly rely on the production and sale of seized energy assets—Iraq has the fifth-largest proven crude oil reserves in the world. Abdulamir al-Hamdani, an Iraqi archaeologist specializing in Mesopotamia at the Department of Anthropology at the State University of New York at Stony Brook. We’re talking about the destruction of humankind back to the beginning of humankind. 40 million or more over the past two years, ISIS has accepted funding from government or private sources in the oil-rich nations of Saudi Arabia, Qatar and Kuwait—and a large network of private donors, including Persian Gulf royalty, businessmen and wealthy families. Until recently, all three countries had openly given hefty sums to rebels fighting Bashar Assad’s Syrian regime, among them ISIS. Islamic cleric in Saudi Arabia, Grand Mufti Sheikh Abdul Aziz al-Sheikh, and Saudi Arabian bomber and fighter planes joined U.