UN Sec Council moves to cut ISIS financing

Ministers to tighten sanctions, urge nations to make funding militants a criminal act

New York

FINANCE ministers from the UN Security Council on Thursday unanimously backed a resolution aimed at ramping up sanctions against the Islamic State (ISIS) and cutting off its revenue flows.

US Treasury Secretary Jacob Lew led the council's first-ever meeting of finance ministers, shoring up a major diplomatic push to end the war in Syria, where ISIS jihadists control a large swathe of territory and have installed their de facto capital.

Drafted by the United States and Syrian ally Russia, the...

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