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U.N Security Council agrees to choke IS funds Published : Today, 07:53 PM The U.N Security Council has adopted a resolution aimed to choking the millions of dollar oil sales, antiquities, trafficking, and ransom payment earnings of the self described Islamic State group on Thursday. Russia drafted the first outline of the measure, which reaffirms the council's resolve to confront the threat posed by the militants who overran parts of Syria and Iraq the past year. The resolution calls for sanctions against individuals and entities that trade in oil with IS and Al-Qaeda affiliates such as the Al-Nusra Front in Syria. The measure also urges all 193 countries of the United Nations to take 'appropriate steps' to prevent the trade in cultural property from Iraq and Syria and directs the U.N cultural agency UNESCO to help put in place a ban. A reminder for worldwide governments to prevent helping terrorists from benefiting directly or indirectly from ransom payments or political concessions to secure the safe release of their hostages. That provision was directed at European governments which have found ways to circumvent the ban on paying ransoms to win the release of captive nationals. The resolution builds on other measures adopted by the council to clamp down on IS revenue streams and combines them into a single effort to hit at militant financing. Drafted under chapter seven of the U.N charter, the resolution can be enforced through sanctions or use of force, even though it does not authorize military force.
