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This week, a U.S. Treasury official told reporters that the Islamic State has earned over $500 million in oil sales, with major amounts being sold to Syrian President Bashar al-Assad's regime. Adam Szubin said that ISIS is selling as much as $40 million a month and distributing refined oil well into the Syrian Civil War conflict zone. According to Reuters, Szubin said that the vast majority of ISIS' oil sales goes to Assad and his forces. The rest either remains in ISIS-controlled territories, ends up in the hands of Kurdish forces, or finds it's way to Turkey. Although Szubin conceded that some of the oil profits might be coming from Turkey, the objective of U.S. military forces is to cripple ISIS complex oil infrastructure, detailed here in this episode of TestTube News. Turkish officials have denied that Turkish President Tayyip Erdogan's administration has any involvement with illegal smuggling of ISIS oil.
Russia's top brass claims satellite images prove Turkey's oil trade with ISIS (mashable.com)
"Turkey may have fired the first shot on a Russian military plane last week, but Russia has made it clear it's prepared to use everything in its arsenal against its new enemy No. 1."
Russia and Turkey accuse each other of buying oil from the Islamic State (washingtonpost.com)
"The war of words between Moscow and Ankara took a new turn early this week in the wake of Turkey's Nov. 24 downing of a Russian jet that had flown briefly into Turkish airspace during a sortie in Syria."
ISIS Export Gateway To Global Crude Oil Markets (marsecreview.com)
"The Islamic State of Iraq and Syria (ISIS) began to take over oil fields in late spring 2014."
Britain's secret ties to governments, firms behind ISIS oil sales (medium.com)
"Key allies in the US and UK led war on Islamic State (ISIS) are covertly financing the terrorist movement according to senior political sources in the region."