VOL. XXXVI

NO. 2

12-OCTOBER-1992

UN Authorizes Use Of Iraqi Oil Funds

The UN Security Council, acting under Chapter VII of the UN Charter, decidedon 2 October that all states in which there are Iraqi funds derived from thesale of petroleum or petroleum products shall transfer those funds to the escrowaccount administered by the Secretary General. The resolution, passed 14-0 withChina abstaining, provides that the funds collected be used to pay for thecompensation of war victims, UN operations in...