NO. 34



UN Sanctions Committee to Consider Confiscation of Iraqi Financial AssetsAbroad

MEES understands that the UN Sanctions Committee will shortly consider theconfiscation of Iraqi financial assets abroad, particularly the funds generatedfrom the sale of oil prior to August 1990, in order to cover the cost of UNoperations in the country. The move is being supported by the US, UK and France,and will be raised at the end of May during the regular bimonthly review of the...