40 Countries Funds IS Includes G20 Member

Russian President Vladimir Putin during the summit said he revealed Russian intelligence data on Islamic State finances with G20 colleagues.

Putin said the terrorists appear to be financed by 40 countries, including some G20 member states, according to the president……

“I provided examples based on our findings on finances of Islamic State (IS, formerly ISIS/ISIL). This money, as we have established, comes from 40 countries and, there are some of the G20 members among them,” Putin told the journalists.

Putin also spoke of the urgent need to curb the illegal oil trade by IS.

"I’ve shown our colleagues photos taken from space and from aircraft which clearly demonstrate the scale of the illegal trade in oil and petroleum products," he said.

“The motorcade of refueling vehicles stretched for dozens of kilometers, so that from a height of 4,000 to 5,000 meters they stretch beyond the horizon," Putin added, comparing the convoy to gas and oil pipeline systems.

It’s not the right time to try and figure out which country is more and which is less effective in the battle with Islamic State, as now a united international effort is needed against the terrorist group, Putin said.