US airstrikes force Daesh to halve terrorists' pay
LONDONFeb 08, 2016 - 12:00 am GMT+3
Feb 08, 2016 12:00 am
Daesh terrorist group has been forced to cut its fighters' pay by up to 50 percent because U.S.-led air strikes have had a substantial impact on the money it makes from oil, a senior U.S official said on Monday.
Daniel Glaser, assistant secretary for terrorist financing at the U.S. Treasury Department, said the strikes had hit the group's ability to extract, refine and transport oil from territory it controlled in Iraq and Syria.
"When you look at difficulties that we know that they are having with respect to the transport, with respect to the extraction, I think it's fair to say they are no longer able to make money the way they used to be able to," Glaser told a London conference.
"Daesh has cut salaries to its fighters in (its de facto capital) Raqqa by up to 50 percent," he added.
The strikes had also targeted cash storage sites which had "literally incinerated millions of dollars".
Daesh has declared a self-proclaimed caliphate across areas of territory it controls in Iraq and Syria, imposing its own perverted interpretation of Islamic law.
Glaser said the US had estimated it made some $500 million a year from oil, along with hundreds of millions more from taxation and extortion to go with the hundreds of millions it had seized from banks when it captured Iraqi towns and cities.
But the air attacks were beginning to have a major impact, he said.
This had been helped by the decision of the Iraqi government to cut off paying salaries to its employees in Daesh-held territory, as this amounted to some $2 billion a year.
He said Daesh still had a lot of money but cutting its income stream would hamper its efforts.
About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University