The Daesh jihadist group�s income fell by nearly a third since mid-2015 as the group has been losing its territory and suffering damages to its infrastructure amid US-led coalition airstrikes and a Russian aerial campaign against Daesh in Syria, a report revealed.





MOSCOW (Sputnik)�� According to�the report by�the IHS, the analytical firm which issues regular reports on�Daesh-controlled territories, half of�the militants� revenues come from�taxation and confiscation of�businesses and property, while 43 percent of�the revenues are contributed to�oil production and smuggling. The group lost 22 percent of�its territories in�the past�15 months, according to�the report.


"In mid-2015, the Islamic State�s overall monthly revenue was around $80m. As of�March 2016, the ISIS�s monthly revenue dropped to $56m," senior analyst at�the IHS Ludovico Carlino said.

Daesh oil production has declined from�33,000 to�21,000 barrels per day in�the same period, the report said.

According to�the report, the damage from�the airstrikes on�Daesh targets has forced the group to�introduce a range of�new taxes to�compensate for�the financial losses. Fines are reportedly being imposed on�Daesh-controlled territories for�driving on�the wrong side of�the road and not answering questions about�the Koran correctly.

The US-led coalition of�over 60 nations has been conducting airstrikes in�Syria and Iraq against�the jihadists since�summer 2014.

Russia had been conducting an aerial campaign in�Syria for�six months since�September 2015 at�the request of�Damascus.

By Sputnik