home Finance Francois Hollande: The Daesh Oil Traffic is Reduced

Francois Hollande: The Daesh Oil Traffic is Reduced

The French head of state, Francois Hollande said that the portfolio of the jihadist organization IS dries …

The strikes are bearing fruit. French President Francois Hollande said on Friday that the lucrative oil smuggling from Syria organized by the organization Islamic state (IS) had been “greatly reduced” through the bombing by the coalition forces.

The Head of State was speaking at the end of a meeting of the European Council in Brussels. “We now have the certainty that the oil traffic of Daesh which could be beneficial at a time is now greatly reduced,” he said at a press conference. “We have hit the financial resources of this terrorist group by the coalition air strikes” carried out especially by the French and American air forces, he assured.

“Blows serious” brought to the Islamic State in Iraq as in Syria

It is insisted by Francois Hollande, to “ensure that the traffic that Daesh can organize, oil traffic and artwork, can be annihilated.”  Francois Hollande welcomed that military operations will be intensified as he “requested, in the aftermath of the November 13th” with “serious blows” likely, he said,  against Islamic State forces in Iraq and Syria.

“In Iraq, through ground operations backed by air strikes that France was responsible for a large part, there was wins in major territories,” he said.  As for operations in Syria, they focused “mainly on training centres and logistics sites” including those related to oil, he said.

Recalling that he had called for solidarity of the 28 countries following the attacks of 13 November in Paris, Francois Hollande welcomed that “European countries have responded” to his call, referring to the United Kingdom, Germany, Sweden, Belgium, the Netherlands and Italy.

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