Wednesday, February 17, 2016

U.S. Air-strikes Have Destroyed Hundreds Of Millions Of Islamic State Funds

This image from a video released by the U.S. military last month shows an airstrike targeting an ISIS cash and finance distribution center near Mosul, Iraq.

Reuters: Hundreds of millions of Islamic State funds destroyed in air strikes: U.S.

U.S.-led air strikes on Islamic State cash storage sites have cost the militant group hundreds of millions of dollars, a U.S. military spokesman said on Wednesday.

The United States is trying to cut revenue to Islamic State - believed to be one of the best-funded militant groups in the world - through air strikes targeting its oil production as well as cash storage sites. U.S. officials believe the ultra-hardline Sunni group is more dependent on cash as it has seen its access to the formal banking system reduced through sanctions and other measures.

Colonel Steve Warren, a spokesman for the U.S.-led military effort against Islamic State, said the air strikes on cash storage and collection sites have destroyed hundreds of millions of dollars' worth of currency. He declined to give a more precise estimate of how much money had been destroyed.

Read more ....

UpdateUS airstrikes have destroyed 'hundreds of millions' in ISIS cash -- AP

WNU Editor: It looks like it is having an impact .... Cash-strapped ISIS is forced to slash wages, free captives for a 'cut-price' $500 and stop giving fighters free Snickers bars as air strikes hit their oil trade (Daily Mail).


Don Bacon said...

It's amazing, isn't it, that the US can use precision pinpoint bombing to destroy ISIS cash deposit sites but not ISIS leadership or oil tankers or pickup convoys. One might even call it unbelievable (I would).

Sylvi said...

Yah and how many innocent people did it destroy, what are you people doing. Your not fighting an army your killing innocent family's that are defenseless and starving. Raping young women and pillaging homes , ask any soldier they will tell you what is going on. Who are the terrorists?