India on 30 June 2015 announced a ban on trade with the Islamic State for Iraq and Syria (ISIS)-linked entities, the al-Nusra Front and other groups and individuals associated with the Al-Qaeda.
The move comes in compliance with the United Nations Security Council (UNSC) resolution of February 2015 to act against militants active in oil-rich countries such as Iraq, Syria and Libya. With this, India joined the worldwide efforts to squeeze terror finances.
The Union Commerce Ministry in its notification has prohibited the trade of oil and refined oil products (hydrocarbons) and items of scientific, cultural (including antiquities)and religious importance with the IS and related terrorist organizations.
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What: Notified by India
When: 30 June 2015