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ISIS finances itself via oil says Padoan

And selling stolen antiquities to Western buyers

Redazione Ansa

(ANSA) - Rome, March 2 - Economy Minister Pier Carlo Padoan said Wednesday that oil is a "significant" source of funding for the so-called Islamic State (ISIS) fundamentalist insurgency.
    The minister said the oil market nets the terrorist group "an estimated $100 million a year". The extremist organization also finances itself by peddling "antiquities sacked from occupied lands, which are being fenced on Western markets," Padoan told a conference on money-laundering at Rome's private LUISS business school. "The sale of antiquities is particularly significant, because it requires the complicity of Western buyers".
   

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