VOL. XLI

No. 31

3-August-1998

IRAQ

Russia Calls For Closure Of Nuclear File

For the first time since the UN imposed sanctions on Iraq, Russia hasformally called for the closure of the nuclear file. The US and the UK opposed the move.Meanwhile, the US Congress is actively engaging in hardening the US position even furtheragainst Iraq, while Baghdad is issuing daily warnings of an impending crisis if thesanctions are not lifted soon. Iraqi oil is now commanding premiums of around$0.40-$1.00/B in...