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Monday 14 Dec 2015 - 19:03 Makkah mean time-3-3-1437
Washington, (IINA) - A US official has recently said that behind a seemingly conflict-ridden relationship between the Syrian regime of Bashar Al-Assad and the terrorist ISIS group, the two are in fact engaged in a very lucrative oil trade, Middle East Monitor reported.
"Assad regime in Syria is the primary consumer of [ISIS’s] oil, withstanding the fact that they are in open military conflict", Adam Szubin, US acting undersecretary for terrorism and financial intelligence, told the BBC.
"Each has something the other one wants and in this case money on one side and the oil on the other. They have been doing quite a bit of oil trade", he told BBC Newsnight.
"[ISIS] is sitting on a tremendous amount of money. We need to be very candid about the risk as we cut off the access to its revenues. But the primary tool sources of funding have been oil sales and taxation you might call extortion from the population at the territory that they control", he said.
Szubin said that unlike many other terrorist groups, ISIS derives a relatively small amount of its funding from donors abroad.
AG/IINA
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