Republic/AP: Islamic State group’s ‘business model’ near collapse
The Islamic State group is hemorrhaging money with every piece of territory it loses, according to a new analysis that found that the group’s “business model” is on the path to failure.
The analysis released Saturday by the International Centre for the Study of Radicalisation and Political Violence and the accounting firm EY found that the self-proclaimed caliphate’s financial resources have been drained substantially since the days beginning in mid-2014 when it captured banks, oil wells and entire warehouses of weapons as it amassed land.
The report found that Islamic State revenue has declined from up to $1.9 billion in 2014 to at most $870 million in 2016.
Read more ....
WNU Editor: The International Centre for the Study of Radicalisation and Political Violence report on the deteriorating finances of the islamci State is here.
