Belfast Telegraph

Wednesday 5 August 2015

G8: Leaders agree to 'stamp out' terrorist ransoms

Published 18/06/2013 | 10:47

Prime Minister David Cameron has claimed success in his push to persuade other world leaders to act to cut off an important funding stream for terrorists
Prime Minister David Cameron has claimed success in his push to persuade other world leaders to act to cut off an important funding stream for terrorists
The G8 leaders begin talks on the morning of the second day of the summit
President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland, Monday, June 17, 2013. Obama and Putin discussed the ongoing conflict in Syria during their bilateral meeting. (AP Photo/Evan Vucci)
Prime Minister David Cameron chairs an EU/US trade summit with US President Barack Obama (left), German Chancellor Angela Merkel (right) and French President Francoise Hollande (not pictured) at this year's G8 Summit on Lough Erne near Enniskillen in Northern Ireland. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. See PA story POLITICS G8. Photo credit should read: Stefan Rousseau/PA Wire
Britain's Prime Minister David Cameron and US President Barack Obama wave as they arrive at the G8 venue of Lough Erne on June 17, 2013 in Enniskillen, Northern Ireland. The two day G8 summit, hosted by UK Prime Minister David Cameron, is being held in Northern Ireland for the first time. Leaders from the G8 nations have gathered to discuss numerous topics with the situation in Syria expected to dominate the talks. (Photo by Matt Cardy/Getty Images)
ENNISKILLEN: Anti-G8 protesters march through the streets near the G8 Summit on June 17, 2013 in Enniskillen, Northern Ireland. The two day G8 summit, hosted by UK Prime Minister David Cameron, is being held in Northern Ireland for the first time. Leaders from the G8 nations have gathered to discuss numerous topics with the situation in Syria expected to dominate the talks. (Photo by Peter Macdiarmid/Getty Images)
Anti-G8 protesters pictured beside Enniskillen Castle. Photo-Jonathan Porter/Presseye.
Anti-G8 protesters gather in Enniskillen town centre as they prepare to march out to the Lough Erne Golf resort. Photo-Jonathan Porter/Presseye.
Anti-G8 protesters gather in Enniskillen town centre as they prepare to march out to the Lough Erne Golf resort. Photo-Jonathan Porter/Presseye.
Anti-G8 protesters gather in Enniskillen town centre as they prepare to march out to the Lough Erne Golf resort. Photo-Jonathan Porter/Presseye.
Prime Minister David Cameron welcomes German Chancellor Angela Merkel, to this year's G8 Summit on Lough Erne near Enniskillen in Northern Ireland. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. See PA story POLITICS G8. Photo credit should read: Stefan Rousseau/PA Wire
Northern Ireland Secretary Theresa Villiers (left), Deputy First Minister Martin McGuinness (second left), Irish Taoiseach Enda Kenny (second right) and Northern Ireland First Minister Peter Robinson (right) arrive at this year's G8 Summit on Lough Erne near Enniskillen in Northern Ireland. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. See PA story POLITICS G8. Photo credit should read: Stefan Rousseau/PA Wire
US First Lady Michelle Obama addresses the crowd on stage at the visit by her and her two daughters Malia and Sasha to the Gaiety Theatre, Dublin for a special performance of Riverdance. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. Photo credit should read: Julien Behal/PA Wire
US First Lady Michelle Obama addresses the crowd on stage at the visit by her and her two daughters Malia and Sasha to the Gaiety Theatre, Dublin for a special performance of Riverdance. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. Photo credit should read: Julien Behal/PA Wire
Northern Ireland First Minister Peter Robinson (right), Deputy First Minister Martin McGuinness (left) and Irish Taoiseach Enda Kenny (centre) arrive at this year's G8 Summit on Lough Erne near Enniskillen in Northern Ireland. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. See PA story POLITICS G8. Photo credit should read: Stefan Rousseau/PA Wire
US First Lady Michelle Obama chats with Fionnuala Kenny, wife of Taoiseach Enda Kenny (left) and her two daughters Malia and Sasha (right) the Gaiety Theatre, Dublin for a special performance of Riverdance. PRESS ASSOCIATION Photo. Picture date: Monday June 17, 2013. Photo credit should read: Julien Behal/PA Wire

G8 leaders have agreed to "stamp out" ransom payments to terrorists, David Cameron has said.

The Prime Minister claimed success in his push to persuade other world leaders to act to cut off an important funding stream for extremists.

It was part of the opening session of talks at the annual gathering of leading industrialised nations being hosted at Lough Erne, in Co Fermanagh.

"Another £G8UK result: leaders agree to stamp out ransom payments to terrorists, calling on companies to follow lead." Mr Cameron announced via his official Number 10 Twitter feed.

Up to 70 million US dollars (£45 million) is estimated to have been paid to secure the release of Western captives in the last three years alone - an average 2.5 million US dollars (£1.59 million) per victim.

Much of that is believed to have ended up in the coffers of terror groups including al Qaida and its affiliates and the Taliban.

The UK outlaws such payments but other countries - including some within the group of leading industrialised nations - continue to meet the demands to the frustration of non-payers.

In the past, France, Italy and Japan have reportedly made payments to secure the release of their nationals but officials have been unwilling to specify any other countries which continue to do so.

The United States, Russia, Germany and Canada are the remaining G8 nations.

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