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At Russia's Insistence, UN Moves to Stop Terror Financing

Moscow says it will present evidence of Turkish money going to terror groups


This post first appeared on Russia Insider


Originally Appeared at German Economic News. Translated from the German by David Norris


The finance ministers of the UN intend to confer about how the financing of terror can be stopped. This debate was opened up by Russia and could prove uncomfortable, especially for Turkey.

The Finance Ministers of the member states of the UN Security Council intend to discuss measures before Christmas about how to dry up the financial resources of extremist groups such as the Islamic State (IS). The US Department of Finance in Washington announced on Friday that the finance ministers of the 15 member states will come together for this purpose on the 17th of December in New York. At this meeting, they plan to discuss "additional necessary measures" to cut off extremists "from their sources of funding and to hinder the ability of states to support terrorist financing."

Russia has been requesting this debate for a long time. The discussion could prove to be very uncomfortable for Turkey. The Russians have announced they will submit evidence to the UN showing Turkey’s involvement in terror financing.

US Secretary of the Treasury Jack Lew, whose country has taken over the chairmanship of the UN Security Council since December, made the following statement: "Cutting ISIL off from the international financial system and disrupting its financing are critical to effectively combatting this violent terrorist group.” The Security Council of the United Nations is made up of five permanent members, including the USA, and fifteen non-permanent members. According to US statement, this meeting is the first of its kind; a historic meeting of Security Council finance ministers.


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