"Turkey also should continue to take steps… to prevent terrorist groups in Iraq and Syria from benefiting from trade in oil," the report, issued on Wednesday, stated.
The report recommended that Ankara implement legal measures to freeze terrorist assets as stipulated in multiple UN Security Council resolutions.
In December 2015, the Russian Defense Ministry released satellite images showing oil allegedly being trucked from Islamic State facilities in Syria to Turkey.
Moscow also contends that Turkish President Recep Tayyip Erdogan and his family are directly involved in illicit oil activities with the Islamic State, which is also known as Daesh.
The Islamic State controls large areas in Syria and Iraq. The terrorist group relies heavily on revenues derived from the black-market sale of drugs, smuggled crude oil and human trafficking.