Russia leads U.N. initiative to target Islamic State financing

February 4, 2015 6:48 PM

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UNITED NATIONS (Reuters) - Russia is leading a U.N. Security Council initiative to ratchet up pressure on countries to cut off the cash flow to Islamic State militants, Russia and council diplomats said on Wednesday.

The announcement comes after the 15-nation Security Council condemned Islamic State's burning alive of a captive Jordanian pilot.

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