VOL. XL
No. 38
22-September-1997
IRAQ
UN Security Council Approves New Resolution To Carry Over IraqiOil Sales But Russia's Abstention Dents Consensus
After some days of wrangling over the drafting of the text, the UN Security Counciladopted on 12 September resolution 1129 (see text on page A3) which enables Iraq to selloil up to the full permitted value of $2bn during the second 180-day period (8 June-4December) of the oil-for-food program. Basically, the resolution allows Baghdad to sell upto...
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