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Anti-Daesh Coalition Cuts Daesh Oil Production by 30 Percent - Statement

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The US-led coalition's airstrikes have crippled Daesh's oil production and combat capability, according to the Small Group of the Global Coalition.

WASHINGTON (Sputnik) — The US-led coalition against Daesh has decreased the terrorist group’s oil production by some 30 percent as well as destroyed millions of dollars of the terrorists, the Small Group of the Global Coalition’s members stated in a joint statement after their meeting in Kuwait on Wednesday.

“Daesh continues to be degraded in other significant ways. It has been losing its leaders at a high rate and has lost large numbers of fighters,” the statement said. “Its resource base is drying up as Coalition strikes have lowered Daesh oil production by at least 30 percent and destroyed millions of dollars stored in bank vaults and other locations.”

The group explained that as a result of the worsened financial situation, Daesh has relied on making revenue through taxation, imposition of rents and sale of confiscated property.

“Fighter pay has been cut by half in some areas, and desertions are increasing. Daesh is resorting to conscription to fill its ranks, recruiting children to conduct suicide attacks and is less able to mount offensive operations,” the statement added.

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The US-led coalition against Daesh was formed in September 2014 and is made up of 60 countries. Coalition partners conducting airstrikes against Daesh targets in Syria include the United States, France, Jordan, Saudi Arabia and the United Arab Emirates.

Daesh controls large areas in Iraq and in neighboring Syria. The terrorist group, which is banned in Russia and the United States, among others, relies heavily on revenues derived from the black-market sale of smuggled crude oil, drugs and human trafficking.

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