ISIS Raising £3.1million Every Day With Oil, Its Biggest Earner

Islamic State is raising up to £3.1 million a day, the Government has revealed. Middle East Minister Tobias Ellwood told MPs that oil remains the biggest earner for the extremists.

But he insisted the group is under pressure in several areas, claiming: "We are defeating Daesh using financial means."


Speaking in the Commons, Meg Hillier, the Labour chair of the Public Accounts Committee (PAC), asked Mr Ellwood: "What specific steps are being taken to undermine the flow of finance of oil sales by Daesh , which are fuelling this nasty terrorist group?"


He replied: "You are right to highlight the importance of oil sales to Daesh - about half of their revenues, they receive between 2.5 million and 4.5 million dollars a day across all sources but oil is very much the highest of that and most of that is sold in fact to the (regime of Syrian president Bashar Assad).


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