As territory shrinks, IS group looks for new money sources
WASHINGTON — As the Islamic State group sees its territory shrink to half its original size and its dreams of a caliphate evaporate, the extremist fighters are losing access to the sources of revenue that once gave them their power, prompting them to turn to extortion, kidnapping or foreign donations like their predecessors, the militant group al-Qaida.
The Islamic State group had a unique ability to capitalize on the natural resources of its territory in Iraq and Syria and swiftly implement a system of taxation and governance that allowed it to rule an area that once was the size of... read more
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