Foreign Policy Watch: Cross-Border Terrorism

United Nations adopts plan to attack Islamic State’s funding

Security council unanimously backs resolution to target group’s income and block its use of global financial system.

  1. This aimed at disrupting revenues that Islamic State receives from oil and antiquities sales, ransom payments and other criminal activities.
  2. The resolution, sponsored by the US and Russia, elevates Isis to same level as al-Qaida, reflecting its growing threat and split from the terror network behind the 9/11 attacks.
  3. Isis controls a large swath of Syria and Iraq, including oil and gas fields, though bombing campaigns by the US-led coalition and ground forces have enabled Iraq to regain some territory.

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