from Zero Hedge
Things are deteriorating fast for the cash-strapped Islamic State.
One month ago we reported that as a result of the collapse of ISIS’ oil trade with Turkey following the relentless bombing of its oil extraction and transportation infrastructure mostly by Russian forces, the money inflows generated by the Islamic State have plunged. “In mid-2015, the Islamic State’s overall monthly revenue was around $80 million” said Ludovico Carlino, senior analyst at IHS, which issues regular reports on IS-controlled territory. Carlino added that “as of March 2016, the Islamic State’s monthly revenue dropped to $56 million.”