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Midweek Roundup: IS Collects Millions from Stolen Oil, Russia Weighs Alternative to SWIFT Payments, and More
printThe Islamic State may be collecting over $2 million per day from petroleum sales, protection payments, and smuggling proceeds, according to a Bloomberg report that cited U.S. officials. More In an Aug. 26 letter, Sens. Marco Rubio (R-FL) and Robert Casey (D-PA) urged the White House to tackle the group's funding sources, including money sent from international donors. More Russian officials have drafted plans to create a domestic alternative to the Brussels-based Society for Worldwide Interbank Financial Telecommunication, or Swift, Reuters reported Wednesday. More Separately, international ratings agencies such as Moody's, Fitch and S&P may soon be required to create...
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