Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

Petrodollar Panic: EU Officials Admit Buying Oil From ISIS.


We recently explained how ISIS remains so well funded
but what was unclear was who exactly what purchasing their 
'recently-provisioned' oil reserves? The assumption being some desperate
third-world nation or some scheming offshore hedge-fund arbitrageur; 
however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).


And now we know who is buying... (as Sott.net reports)


A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.



In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL. 


She, however, refused to disclose any names despite pressure by some Parliament members to do so. 


The EU official also warned against any support by the West for 
separatist Kurdish groups who, she said, would destabilize the Middle 
East.

Earlier reports accused Turkey of buying and transporting oil from 
both the ISIL and Qaeda-linked Nusra Front. According to the reports, 
Western intelligence agencies could track ISIL oil shipments as they 
moved across Iraq and Turkey.

ISIL reportedly controls eleven oil fields in northern Iraq as well as Syria's Raqqa province. 

US intelligence officials estimate that the Takfiri militants earn 
more than USD 3 million a day from oil profit, theft, human trafficking 
and ransom. They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region. ?Turkey has denied reports of involvement in ISIL's oil smuggling operations.

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How long before US places sanctions directly on these European nations (instead of implicitly through Russia)?