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<p>The Islamic State of Iraq and the Levant (ISIL)’s main sources of revenue come
from oil sales and extortion. Other sources have included foreign donors, kidnap ransom
payments, and money stolen during its advances in recent months.</p><p>Air strikes
targeting oil infrastructure and the liberation of oil fields have significantly reduced
ISIL’s ability to access and refine oil.</p><p>As part of our strategy to combat ISIL,
the UK led work on UN <br>Security Council Resolution 2170 which was adopted unanimously
on 15 August. It condemns ISIL, the al-Nusra front and other terrorist groups listed
under Al-Qaeda sanctions. The resolution urges members to take measures to choke ISIL’s
sources of finance.</p><p>We are working with countries in the Middle East to counter
the threat from terrorists and extremists across the region. Combating ISIL and degrading
its financial support is a priority and we continue to discuss these issues with our
partners, including Saudi Arabia and Qatar.</p>
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