UN Security Council votes yes to cutting off ISIL funding

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The United Nations Security Council has voted unanimously to inhibit ISIL’s ability to fund their terror campaign.

Drafted by Russia, Resolution 2199 seeks to cut off sources of financing, such as oil revenues, the smuggling of antiquities, external donations and ransom payments.

The legally-binding proposal gives the 15-nation Council authority to enforce decisions with economic sanctions.

“@RussiaUN: UNSC res 2199 on preventing of funding of international terrorism is adopted unanimously mfa_russia ISIS pic.twitter.com/J1Fo1tpgPa— Diplomacy140 (Diplomacy140) February 12, 2015

However it does not authorise the use of military force.

Instead, it builds on earlier efforts to target the militants’ oil sales.

A UN report published in November 2014 was unable to specify how much money Islamic State militants were earning from looting and selling on Syrian and Iraqi antiquities.

Western diplomats estimate successful air strikes on refineries mean oil is no longer the main so

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