Following Putin‘s intervention at the G20 meeting, the UK’s Independent looks at the source of ISIS money and arms. The start point is a series of rhetorical questions posed by Jeremy Corbyn, when asked whether bombing Isis following the Paris terror attacks would make a significant difference to the situation.
The Independent argues that to a large extent Isis is now funding itself, through oil sales, kidnap ransoms, smuggling, extortion, taxes, looting, bank robberies.
However, the article highlights that when it was starting out, Isis was ‘seed funded’ by wealthy donors, individuals and charities from across the Middle East, especially Saudi Arabia, Qatar and Kuwait. Given that Putin referred to G20 funding for ISIS, these countries must be feeling pressure.
The money trail gets merky because of trade in oil, gas, arms, and financial services. In particular, one has to wonder who is buying oil from ISIS.
Corbyn is right to challenge these issues.