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Kuwait says it has recovered the remains of 236 missing in Iraq


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Could the Miracle He's talking about here with Taxes have anything to do with the influx of revenues to the Govt and maybe the reduction of National Debt that a Revaluation of Dinar would bring? 

 

I am no Guru, OBIVOUSLY speculating here but our friend Coorslite21 started a Thread in the VIP Section that talked about how all of these economic indicators tie together..... 

 

Just Food for Thought! 

 

 

Good Luck to us all..... I sure could use a "Christmas Miracle" :) 

Have a great day (to the most patient group of people I know)  (except 10yearslater ;), but you get a free pass! ) 

 

 

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Not sure if this is a legitimate news source.... found it tonight...    https://reliefweb.int/report/iraq/all-measures-imposed-under-iraq-oil-food-programme-implemented-full-security-council

There may be a few threads that discuss the article XIV standing of Iraq within the IMF guidelines.  Iraq enjoys debt protection under it's article XIV standing. IMO, which is a big reason they have n

I wasn't convinced  It never stated INFORCE and you don't see me posting Guru BS...

1 hour ago, NEPatriotsFan1 said:

Could the Miracle He's talking about here with Taxes have anything to do with the influx of revenues to the Govt and maybe the reduction of National Debt that a Revaluation of Dinar would bring? 

 

I am no Guru, OBIVOUSLY speculating here but our friend Coorslite21 started a Thread in the VIP Section that talked about how all of these economic indicators tie together..... 

 

Just Food for Thought! 

 

 

Good Luck to us all..... I sure could use a "Christmas Miracle" :) 

Have a great day (to the most patient group of people I know)  (except 10yearslater ;), but you get a free pass! ) 

 

 

 

Thanx - I think. B)  on another note, the only thing I'm getting ( to ) pass lately is,  Gas ! I ain't getting any younger ya know. ;)

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23 hours ago, 10 YEARS LATER said:

 

Thanx - I think. B)  on another note, the only thing I'm getting ( to ) pass lately is,  Gas ! I ain't getting any younger ya know. ;)

 

 

I'll second that one ah no two of them :lmao:

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Ministry of Health: Iraq's exit from Chapter VII will facilitate us to conclude international agreements

December 16, 2017 1:34 PM Views:

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 The official spokesman of the Ministry of Health Saif Al-Badr that the exit of Iraq from the Chapter VII of the Charter of the United Nations, in the oil for food and medicine will facilitate the work of the ministry in terms of agreements with international organizations and the import of medicines, especially dealing with the transfer of funds to international companies.

 He pointed out the ministry's intention to issue a final statistical report on its work and the health situation in the country before the end of this year, adding that the report will include the problems faced by the ministry, especially after the destruction of health institutions on both sides of the city of Mosul, The report will also cover the many challenges the ministry has faced, such as providing polio vaccine after its spread in neighboring Syria to prevent its transmission to the country.

The Security Council has issued on the eighth of December, a decision to exit Iraq from Chapter VII in the oil-for-food program and restore the status of natural and international status after the completion of all the obligations of the program.

While the adviser to the Foreign Ministry, Ihsan al-Awadi, that the exit of Iraq from Chapter VII in the oil-for-food program will not be left on Iraq's final exit from that separation only the remaining compensation to Kuwait, which Iraq paid in exchange for invasion in 1990, worth four billion and 400 million dollars.

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Number of readings 18-12-2017 12:30 PM
 
 
 

18-12-2017 12:30 PM 

 

The Ministry of Foreign Affairs confirmed on Sunday that one file remains for Iraq and comes out of the provisions of Chapter VII of the Charter of the United Nations, pointing out that it is related to debt towards the State of Kuwait of 4.8 billion dollars, while revealed the deliberations between the two countries to make the file bilaterally and away from the international character . 

"Iraq has remained under the provisions of Chapter VII of the UN Charter on international obligations as a result of the threat of peace and security during the invasion of the former regime of Kuwait in 1990, Foreign Ministry spokesman Ahmad Mahjoub said in a press statement .

He added that 'many decisions were taken away by Iraq because of the invasion, and the Foreign Ministry has sought since 2003 to get rid of them and resolve them » .

He pointed out that 'the money of Iraq has been made under international tutelage, and the positive results of the diplomatic move emerged between 2007 to 2010, but remains before us a fundamental and very important issue is the settlement of the file of oil for food and medicine .

Mahjoub pointed out that "the diplomatic efforts resulted last week in the final disposal of this file and the end of the page, the issuance of resolutions (23/90) and (23/35 ).

The spokesman for the Foreign Ministry that 'the amount of $ 150 million obtained by Iraq as the benefits of the oil for food and medicine and the application of these resolutions '.

He said that the 'final exit from the provisions of Chapter VII is left only one file is the debt owed by Iraq towards the State of Kuwait of 4.7 billion dollars '.

"Mahjoub stressed the existence of a roundtable with the Kuwaiti side to make the file bilaterally between the two countries so that Iraq returns full international and political retreat and plays its role as an important player in the international community .

He explained that 'Iraq is no longer among the countries that pose a threat to international peace and abide by the resolutions of international legitimacy and implemented in good faith, after Chapter VII '.

He noted Mahjoub to 'get rid of international care, and the release of the amounts reserved - if any - of Iraq's assets in international banks '.

 

Mahjoub concluded that "the completion of the liberation from isolation means opening the door for development and investment without the need for an international mediator at all levels, and the decommissioning of strict international control over goods and goods entering Iraq "

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2 hours ago, WheresmyRV? said:

The last article is confusing to say the least, are they still in 7 then? :o

 

good question , last i thought i read was they've agreed to a repayment in gas to settle the remaining balance but ive been reading that or similar for years now,, it usually just boils down to we just watch and wait , next question lol...cheers

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3 hours ago, WheresmyRV? said:

The last article is confusing to say the least, are they still in 7 then? :o

 

34 minutes ago, 3n1 said:

 

good question , last i thought i read was they've agreed to a repayment in gas to settle the remaining balance but ive been reading that or similar for years now,, it usually just boils down to we just watch and wait , next question lol...cheers

 

We all knew to wait on this to hear more, no surprises, it is in process at least. :twothumbs:

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Appearance of Mohammed Saleh

Economy News Baghdad:

 

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Wednesday, that the exit of Iraq from the seventh item will provide an environment conducive to foreign investment.

 

The Security Council decided on the ninth of this month, to remove Iraq from the seventh item and placed in the sixth item, after the implementation of the requirements of the Security Council.

 

Saleh said in a statement to "Economy News" that "the climate of investment and credit rating for Iraq will rise because many of the funds frozen by the United Nations of the oil-for-food programs and inspection teams and others will return their money to the state treasury."

 

He pointed out that "the remnants of the funds of the memorandum of understanding estimated about 150 million dollars will enter the treasury of the state."

 

 

 

Views 1   Date Added 12/20/2017

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Prime Minister Haider al-Abadi praised the continuous work in cooperation with the United Nations to close the file of Chapter VII, pointing out that his government supports the international efforts to hunt down and punish the "terrorists". 
Abadi added that Iraq faces "great challenges in the fight against corruption, which is no less dangerous than terrorism, stressing that Iraq can achieve political stability and activating dialogues to solve problems with real and serious will of politicians, to provide a safe ground for international companies." 
The UN Security Council imposed a siege on Iraq in 1990 because of Iraq's invasion of Kuwait under Article VII of the Charter of the United Nations, and imposed on Iraq to pay compensation to Kuwait more than 50 billion dollars.
In April 1995, the Security Council adopted resolution 986, which included the oil-for-food formula, which allowed Iraq to export a specific portion of its oil, to benefit from its revenues in the purchase of the humanitarian needs of its people under the auspices of the United Nations. 
One of the reasons for postponing the decision to exit Iraq from Chapter VII continued to pay compensation to Kuwait more than fifty billion dollars for the damage of the invasion. 
On December 9, 2017, the UN Security Council unanimously decided to remove Iraq from Chapter VII after the implementation of the obligations required of him, and the country was under the weight of Chapter VII in the framework of UN sanctions imposed after the invasion of Kuwait in 1990. 
The Iraqi Foreign Ministry said in a statement that Iraq's Mission to the United Nations has held consultations with the United States to issue a resolution unanimously adopted by the Security Council for resolution 2390/2017.
The parties (Iraq and the United Nations) have implemented the measures imposed in accordance with the provisions of Chapter VII under resolutions 1958 in 2010 and resolution 2335 in 2016. 
Iraq still has to pay 4.6 billion dollars to finalize the compensation file with Kuwait, which has been postponed since 2014 upon request Baghdad due to the economic crisis suffered by Iraq. 
The exit from Chapter VII is an important step to restore Iraq's normal status and international standing, as it confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full.
The economic expert and the financial adviser to the Prime Minister the appearance of Mohammed Saleh that the exit from Chapter VII provides opportunities for encouraging foreign investment in Iraq after more than forty years of major conflicts have led to a decline in economic development and other aspects of life, and will launch funds frozen and frozen at the United Nations and countries and organizations International. 
Saleh shows that the remaining amount of Iraq to the United Nations after his departure from Chapter VII up to $ 3 billion, which adds funds to the Iraqi treasury. 
He explained that the complete exit of Iraq from this chapter, means the ability to import technology necessary for economic development in the country, which is very important, as it was prohibited to import modern technology, including dentistry.
He affirms that Iraq's transition from Chapter Seven, which allows the use of force against our country in resolving disputes with nations to Chapter VI, which sees Iraq as a peace-loving state and resolving disputes with nations by peaceful means, is a positive sign of the full return of Iraq by interacting with the international community and providing encouraging climate opportunities Foreign investment in the country, especially in the post-Kuwait donors conference in the reconstruction and investment in Iraq. 
Saleh says the next Iraq is the Iraq of Peace and Reconstruction, which has spent more than 40 years of conflict, conflict and a decline in economic development and progress.
Saleh refers to the release of the funds frozen for the Development Fund for Iraq under Security Council resolution 1483 in May 2003, explaining that there are a lot of funds held by the United Nations from the oil-for-food program and the remnants of the costs of the inspection teams and the memorandum of understanding that should be handed over to the treasury of the Iraqi state, And any other funds still held or frozen by States or international organizations. 
Saleh pointed out that the decision to exit has many positive effects, which is reflected in the low costs of insurance and shipping in various forms to and from Iraq, pointing out that a lot of technology and prohibited facilities on Iraq will disappear, in addition to the climate of investment and credit rating of Iraq will improve to a large extent, Thus strengthening its international position in its economic and financial relations in general and the high investment climate.
The second paragraph of the resolution on the oil-for-food program adopted by the Security Council at its meeting on 8 January 2017 indicates that the Security Council welcomes the fact that the remaining funds in the escrow account established pursuant to paragraphs 3-5 of its resolution 1958 (2010) To the Iraqi Government pursuant to Security Council Resolution No. 2335 of 2016. 
The exit of Iraq from Chapter VII on oil for food and the financial adviser to the Prime Minister, the appearance of Mohammed Saleh, that the exit of Iraq from the seventh item, came after, after the implementation of the requirements of the Security Council, which is a good signal and encouraging companies and investors to enter Iraq.

Kuwait and the soft hand against Iraq
The Iraqi political analyst and political analyst Ghaleb Shabandar said that there is no neighboring country that has sucked Iraq like Kuwait because it operates in a scientific, soft and precise manner, similar to the British approach. It has strong points that Iraq can not confront. Of mafias that promote drugs in Iraq and buy important figures to control joints in Basra. 
He said that Kuwait's entry into Iraq was not through investments or companies, but by people (partisan and non-partisan) that dealt with them before and after the US occupation. This confirms Kuwait's relentless efforts to keep Iraq economically and militarily weak, although Iran has linked the situation with parties and pressures. Politically, Kuwait is deeply and strategically tied to the strategic side (oil) and Khawr Abdullah.
The Shabandar said that Basra is the key to maritime Iraq. Therefore, Kuwait decided through Khawr Abdullah to suffocate Iraq. The decision did not come from the power of Kuwait, but from the weakness of the important figures bought by Kuwait, which uses the clever soft policy hidden against Iraq, And the marshes of Basra. 
He pointed out that the exit of Iraq from Chapter VII to VI does not mean that Iraq out of the obligations of the seventh absolutely, because there are belongings and files such as: reconstruction and national reconciliation, and the relationship between Baghdad and Erbil, and liquidity and cash salaries.
He praised the efforts exerted by Prime Minister Haider al-Abadi in combating corruption in all its forms, stressing his ability to do so for important reasons, including: the existence of mechanisms to implement his plan to save Iraq, which is not the only country that suffers corruption, which supports the religious authority steps Abbadi in fighting and salute On top of that, in addition to that Abadi is very popular, international support, and support for impartiality in the judiciary and supporters of businessmen and politicians to see Abadi in the elimination of corruption. 
Judge Wael Abdul Latif, who was the governor of Basra and a member of the House of Representatives, said that Iraq's exit from the seventh item is only gradual, since there were five large files open to Iraq, namely: 
- The file of the missing, which was closed. 
Amiri Archive, which was closed.
- The file of oil-for-food corruption, involving personalities, leaders and even heads of state, has been prosecuted against 95 companies and institutions, but Iraq lost all, and returned $ 152 million, and then closed the file. 
- The fourth file on internationally sanctioned weapons. 
- The fifth and final file that is still in existence is the Kuwaiti compensation, which is one of the most important files that Kuwait legally complies with. The remaining $ 4.6 billion is in addition to the bargaining on Khawr Abd Allah. Get Khor Abdullah.
Abdellatif said the previous two governments that preceded the Abbadi government in 2006-2014 were overflowing with Iraqi soil in favor of Kuwait, which had mistakenly taken huge oil fields from Iraq, in addition to Umm Qasr naval base, Umm Qasr village and a long land route is the strategic stockpile of Iraqi crude oil, Demanding the final demarcation of the border between Iraq and Kuwait, which was agreed 2012-2013.
The expert on economic affairs, Majid al-Suri, said that Iraq today, once it is fully out of Chapter VII, means that there is a vision that allows Iraq to import the necessary technology and cooperation with other countries to obtain this technology for social and economic development in Iraq, which is very important, The problem is not in the decision to exit Iraq from Chapter VII, but more importantly, what happened in Iraq from the issue of eliminating the terrorist organization "urged" and the victories achieved, at the time of the declaration of war on administrative and financial corruption, which contributed to support the Iraqi position of Order attraction To invest with security and stability, and will lead to the prosperity of Iraq economically and financially.
In the view of the professor of strategic management at the University of Baghdad on the Sudanese Chihod that the exit of Iraq from the seventh item "an important event because it will develop and transfer quality at the technological and scientific levels in all economic sectors, research and scientific." 
He pointed out that the financial and banking system in Iraq is old and suffers from backwardness and slowness in its procedures and ways of interacting with the global banking system, adding to the burden on the Iraqi economy.

Al-Sudani said that the seventh item is not the main factor in the reluctance of the foreign investor, but the absence of monitoring, auditing and governance mechanisms in the projects executed or under implementation, in addition to the spread of corruption, calling on the government to fortify the banking sector and develop it to be able to provide financial guarantees that are easy to trade, In terms of their distancing themselves from the financing of terrorism in all its forms. 
In the view of economic expert Raed al-Hashemi that the exit of Iraq from Chapter VII requires the government to do more to restore what it lost in the past years due to its abnormal situation within the international community, and stressed that the country was among the list of suspicious countries, which made international banks and international companies and institutions hesitate Cooperate with them.
He says that Iraq's exit from Chapter VII will open doors in all areas, including the freedom of banking transactions, where local banks were prohibited from sending remittances and the opening of credit and documents of shipment.

The experts emphasize that the political situation floundering in the country and preoccupation with the large differences between the political blocs, and the spread of corruption in most joints of state institutions, especially the episodes that pass through the investment process, is an obstacle to the expansion of investment, noting that the results of Iraq's exit from the expense of the item will be slow , And need concerted efforts between the Ministry of Foreign Affairs and other ministries.

Shatha Khalil 

Researcher in Economic Unit 

Link Center for Research and Strategic Studies 

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IRAQ PULSE

Iraq once again controls own economy, free of UN sanctions.

 
Adnan Abu Zeed December 22, 2017
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ARTICLE SUMMARY
Iraqis await promising foreign investments and a political and economic opening to the world now that the UN has lifted decadeslong sanctions imposed after Iraq invaded Kuwait.
 
 

BAGHDAD — The United Nations Security Council (UNSC) has agreed to lift sanctions imposed on Iraq when the country invaded Kuwait 27 years ago.

The Iraqi Foreign Ministry said Dec. 9 the country had completed its obligations under the sanctions, which were imposed in 1990 when dictator Saddam Hussein invaded Kuwait. The UNSC levied the penalties after naming Iraq a threat to international security and ordered it to pay reparations to states and other parties that suffered as a result of the invasion.

Some 27 years later, Iraq is still suffering the effects of the invasion. Hisham al-Rukabi, the head of Vice President Nouri al-Maliki’s press office, told Al-Monitor that the Iraqi people welcomed the recent UN decision.

Saad al-Hadithi, the spokesman for Prime Minister Haider al-Abadi, said the move is “an important event in Iraq’s recent history and the closing of a painful [age] that lasted a long time, during which the Iraqi people suffered reduced sovereignty as well as political and economic sanctions that damaged the country’s institutions as well as individuals.”

Lifting the sanctions, he said, “will make Iraq more able to develop and achieve prosperity for its citizens, and restore the world’s trust so it can deal with Iraq as a fully sovereign nation.”

He predicted the decision will allow Iraq to play a greater political and economic role in the Middle East, experience an economic recovery and attract new investment.

Iraq has long suffered the consequences of the sanctions, which were enforced militarily any time Iraq posed a threat to international peace. The country was economically cut off from the world, and its sea, air, land and communications links were severed. Its diplomatic relations with other states were cut, and it lost control of its financial resources and oil exports, which were placed under UN supervision under the oil for food program. A significant proportion of its revenues were used to pay states harmed by its Kuwait invasion.

“Iraq paid reparations to the states that were environmentally and economically harmed by the war, including Israel and Jordan," but its reparations stalled in 2014 because of the fall in oil prices, according to legal expert Tareq Harb. “The government’s deal with Kuwait to pay the remainder of reparations in the form of gas exported via Basra prompted Kuwait to report to the UN that Iraq was fulfilling its obligations, resulting in a resolution in Iraq’s favor.”

Kuwaiti Oil Minister Essam al-Marzouq said Dec. 10 that the 10-year deal with Iraq provides for imports of 50 million cubic feet of natural gas a day in the first stage, later rising to 200 million. The deal appears to have been the key factor that persuaded Kuwait to call for the UN to lift the sanctions.

Iraqi parliament member Jassem Mohammad Jaafar, who is close to Abadi, gave Al-Monitor more details on the deal. “Before the sanctions were lifted, Iraq was not even able to open foreign bank accounts in the name of the government, and its economic and financial contracts and commercial activities were conducted through intermediaries in order to avoid lawsuits. That cost the Iraqi treasury enormously,” he said.

“From now on, Iraq can manage the legal and technical aspects of its financial resources itself — along with everything relating to deposits and foreign real estate holdings — and dispose of its own affairs," he said. “Other countries will no longer hesitate to invest in Iraq, and foreign firms will be encouraged, as Iraq is an oil-rich country and also has major gas reserves and swathes of agricultural land that could be very profitable.”

Iraqi writer and analyst Wathiq al-Jabari, a member of the Tanmiya Center, told Al-Monitor that the resolution will have “positive social effects."

“All efforts to freeze Iraqi funds in international banks have ended, which will enhance Iraq’s financial standing and its creditworthiness,” he said.

The decision to lift sanctions coincided with Abadi’s announcement Dec. 9 that the fight against the Islamic State was over and security and stability had returned to Iraq. He also played up the country’s investment climate now that it can once again work with international firms and banks. With its vast oil reserves, Iraq can look forward to an economic revival, providing the government is able to bring stability and work fast to stamp out violence and terrorism.



Read more: http://www.al-monitor.com/pulse/originals/2017/12/chapter-7-un-sanction-iraq.html#ixzz525FsM5Od

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On 12/14/2017 at 9:31 AM, 10 YEARS LATER said:

 

Thanx - I think. B)  on another note, the only thing I'm getting ( to ) pass lately is,  Gas ! I ain't getting any younger ya know. ;)

It could be worse. You could be old, still waiting for an RV, and be passing stones. Kidney stones. Yeah that would be worse.

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This just posted at the US Treasury's website - OFAC:

 

DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 576 Iraq Stabilization and Insurgency Sanctions Regulations AGENCY: Office of Foreign Assets Control, Treasury. 
 
ACTION: Final rule. ------------------ SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Iraq Stabilization and Insurgency Sanctions Regulations to implement Executive Order (E.O.) 13668 of May 27, 2014 (“Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended”). 
 
These amendments also implement certain technical and conforming changes. DATES: Effective: [INSERT DATE OF PUBLICATION IN THE FEDERAL REGISTER]. This document is scheduled to be published in the Federal Register on 12/28/2017 and available online at https://federalregister.gov/d/2017-28023, and on FDsys.gov 2 FOR FURTHER INFORMATION CONTACT: The Department of the Treasury’s Office of Foreign Assets Control: Assistant Director for Licensing, tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or the Department of the Treasury’s Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202-622-2410
 
 
SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available from OFAC’s website (www.treasury.gov/ofac). Background OFAC issued the Iraq Stabilization and Insurgency Sanctions Regulations, 31 CFR part 576 (the “Regulations”), on September 13, 2010 (see 75 FR 55463), as a final rule to implement E.O. 13303 (68 FR 31931, May 28, 2003) (E.O. 13303), E.O. 13315 (68 FR 52315, September 3, 2003), E.O. 13350 (69 FR 46055, July 30, 2004), E.O. 13364 (69 FR 70177, December 2, 2004) (E.O. 13364), and E.O. 13438 (72 FR 39719, July 19, 2007). 
 
 
OFAC has amended the Regulations on several occasions. Today, 3 OFAC is making amendments to the Regulations to implement E.O. 13668 (79 FR 31019, May 29, 2014) (E.O. 13668). In support of the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in Iraq, and the development of political, administrative, and economic institutions in Iraq, E.O. 13303, as amended by E.O. 13364, prohibited and deemed null and void, with certain limited exceptions, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to: (i) the Development Fund for Iraq; 
 
(ii) all Iraqi petroleum and petroleum products, and interests therein, but only until title passes to the initial purchaser, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that thereafter came within the United States, or that were or thereafter came within the possession or control of United States persons; and 
 
(iii) any accounts, assets, investments, or any other property of any kind owned by, belonging to, or held by the Central Bank of Iraq, or held, maintained, or otherwise controlled by any financial institution of any kind in the name of, on behalf of, or otherwise for the Central Bank of Iraq. E.O. 13668 terminated the protections granted under amended E.O. 13303 in response to the changed circumstances in Iraq, including the Government of Iraq’s progress in resolving and managing the risk associated with outstanding debts and claims arising from actions of the previous regime. 
 
Today, OFAC is amending the Regulations 4 to implement E.O. 13668 by removing the regulatory provisions that implemented the protections granted under amended E.O. 13303
 
These amendments also make certain technical and conforming changes. Public Participation Because the amendment of the Regulations involves a foreign affairs function, the provisions of E.O. 12866 and the Administrative Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective date, as well as the provisions of E.O. 13771, are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply. Paperwork Reduction Act The collections of information related to the Regulations are contained in 31 CFR part 501 (the “Reporting, Procedures, and Penalties Regulations”). 
 
Pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), those collections of information have been approved by the Office of Management and Budget under control number 1505-0164. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid control number. 5 List of Subjects in 31 CFR Part 576 Administrative practice and procedure, Banks, banking, Foreign trade, Iraq, Petroleum, Sanctions. 
 
For the reasons set forth in the preamble, the Department of the Treasury’s Office of Foreign Assets Control amends 31 CFR part 576 as follows: PART 576—IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS 1. The authority citation for part 576 is revised to read as follows: Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50 U.S.C. 1601- 1651, 1701-1706; Pub. L. 110-96, 121 Stat. 1011; E.O. 13303, 68 FR 31931, 3 CFR, 2003 Comp., p. 227; E.O. 13315, 68 FR 52315, 3 CFR, 2003 Comp., p. 252; E.O. 13350, 69 FR 46055, 3 CFR, 2004 Comp., p. 196; E.O. 13364, 69 FR 70177, 3 CFR, 2004 Comp., p. 236; E.O. 13438, 72 FR 39719, 3 CFR, 2007 Comp., p. 224; E.O. 13668, 79 FR 31019, 3 CFR, 2014 Comp., p. 248. Subpart B—Prohibitions § 576.206 [Removed] 6 2. Remove § 576.206 from subpart B. Subpart C—General Definitions 3. Amend § 576.303 by: a. Revising paragraphs (a) and (c); b. In paragraph (b), adding the word “and” after the semi-colon; and c. Removing paragraphs (d) and (e). 
 
The revisions read as follows: § 576.303 Effective date. * * * * * (a) With respect to a person whose property and interests in property are blocked pursuant to § 576.201(a)(1): (1) 12:01 a.m. eastern daylight time, August 29, 2003, for those persons listed on the Annex to Executive Order 13315; and (2) 12:01 a.m. eastern daylight time, July 30, 2004, for those persons added to the Annex to Executive Order 13315 by Executive Order 13350; 7 * * * * * (c) With respect to the transactions prohibited by § 576.201(b) or § 576.208, 12:01 a.m. eastern daylight time, July 30, 2004. § 576.308 [Removed] 4. Remove § 576.308 from Subpart C. Subpart D—Interpretations § 576.404 [Amended] 5. In § 576.404, remove paragraph (c). 8 Subpart E—Licenses, Authorizations, and Statements of Licensing Policy § 576.508 [Removed] 6. Remove § 576.508 from subpart E. Dated: December 22, 2017. __________________________ John E. Smith, Director, Office of Foreign Assets Control. BILLING CODE 04810-AL [FR Doc. 2017-28023 Filed: 12/27/2017 8:45 am; Publication Date: 12/28/2017]
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Thanks Butifldrm...This article explains a lot....The process of ChapterVII has been mysterious and complex to research....From this it article it appears the 28th is the 'official' release date for Chapter VII...With all the events building up to this point...and finally getting this 'timed' event...that 'must' transpire before entering into Chapter 8... giving the reason why Chapter 8 has been stalled....Our endeavors in this currency exchange have the 'Perfect Storm' set-up...anytime after the 28th to 'explode'...

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  • yota691 changed the title to Kuwait says it has recovered the remains of 236 missing in Iraq

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