VOL. XXXVI

NO. 12

21-DECEMBER-1992

IRAQ

UN Receives $100mn of Iraqi Oil Funds and Contributions

The United Nations last week received $100mn of frozen Iraqi oil funds andvoluntary contributions to pay for UN operations in Iraq. Saudi Arabia andKuwait together paid $50mn of voluntary contributions ($30mn from Saudi Arabiaand $20mn from Kuwait), while Washington matched this figure with $50mn offrozen Iraqi oil funds in the US. The payments to a UN escrow account were madein accordance with Security...