Wednesday, 15/7/2020 | 4:50 UTC+0
Libyan Newswire

Written question – VP/HR – Funding of Islamic State – E-001172/2018

We have seen in recent months how the terrorist group Islamic State of Iraq and the Levant (ISIL) is being defeated and losing the territory it had occupied in Syria and Iraq.

Similarly, as the territory under its control shrinks it is also losing most of its economic resources. However, according to a recent report in Foreign Policy(1), ISIL is investing much of the profits made during the occupation in legitimate business in Iraq, and thus building up quite a war chest. It is apparently putting itself in a position to use these funds to finance the Islamist insurgency in Iraq and Syria. Despite the obvious military successes on the ground, ISIL’s terrorist threat cannot be eradicated unless its financial capacity is completely wiped out.

1. Does the VP/HR have information on ISIL’s financial capacity in Iraq, Syria, Egypt, Tunisia and Libya?

2. What measures is the VP/HR taking, within the scope of her powers, to combat and eradicate, together with the Iraqi authorities, the financial capacity of this terrorist group?

3. What specific measures is the VP/HR taking to support the fight against terrorist financing in North Africa and the Middle East?