Fouad Hussein announces Iraq's exit from Chapter VII

[dinarham]

 Kuwait holds a bunch of dinar ,and the IQD rate will be higher than Kuwait's . 

[southbeach]

Word.  Amen.

[yota691]

Iraq discusses with China the repercussions of its exit from Chapter VII

2022.02.23 - 19:53

 

  

Baghdad - people   

Today, Wednesday, Foreign Minister Fuad Hussein discussed with the Permanent Representative of China to the United Nations, Ambassador Zhang Jun, the outcomes of the Security Council resolution to end the Iraqi compensation file for Kuwait.  

  

 

  

The ministry said in a statement that Nass received a copy of it (February 23, 2022), that "Foreign Minister Fuad Hussein met the Permanent Representative of China to the United Nations, Ambassador Zhang Jun, at the United Nations Headquarters in New York," noting that "the two sides discussed the outcomes of a resolution The Security Council on ending compensation, and the fruitful cooperation of members of the Security Council in this important file for Iraq and its people, and its positive repercussions on the country’s future and capabilities.”  

She added, "The minister thanked the government of the People's Republic of China on behalf of Iraq for supporting Iraq's efforts to fulfill its obligations and exit from Chapter VII procedures."  

  

And "Nass" published the text of the UN Security Council resolution to expel Iraq from Chapter VII, after fulfilling all its international obligations under Chapter VII.  

  

And a statement to the Council, (February 23, 2022), stated that "the UN Security Council issues Resolution No. (2621) on February 22, 2022, which affirmed Iraq's fulfillment of all its international obligations under Chapter VII, and resulted in its exit from Chapter VII with immediate effect, and the closure of the Committee Compensation fund at the end of this year.

 

 

 

[yota691]

The text of the Security Council resolution on the fulfillment by Iraq of all its international obligations under Chapter VII

• Time: 02/23/2022 18:15:57
•  
• Reading: 1,014 times

  

{Iraq: Al Furat News} The Ministry of Foreign Affairs announced today, Wednesday, the text of UN Security Council Resolution No. (2621) on February 22, 2022 regarding Iraq’s fulfillment of all its international obligations under Chapter VII, which resulted in its exit from Chapter VII with immediate effect, and the closure of Commission and Compensation Fund at the end of this year.

 

Below is the text of the decision:

[yota691]

After the Kuwaiti compensation was closed, an invitation to establish a sovereign fund and invest it in major economic projects

• Time: 02/23/2022 21:40:14
•  
• Reading: 1,508 times

  

{Politics: Al Furat News} A member of the former Parliamentary Finance Committee, Shirwan Misra, called for the establishment of a sovereign fund and its investment in major economic projects.

 

Mirza told Al-Furat News that: "Iraq's exit from the seventh bank is a positive thing, by paying all the debts incurred by the country."
He promised Iraq's exit from the previous chapter "a step to improve the Iraqi economy."
Regarding transferring those sums and investing them economically, Mirza suggested "depositing these sums in a sovereign fund for generations or investing them for major economic projects that improve the service reality."
Yesterday, Tuesday, the UN Security Council issued a unanimous resolution officially ending the mandate of the "United Nations Commission on Compensation for Damage Resulting from Iraq's invasion of Kuwait in 1990."
This decision came after Baghdad paid the full sums owed to Kuwait, amounting to 52.4 billion dollars.
And the Minister of Foreign Affairs, Fouad Hussein, announced at the UN Security Council session on the compensation file yesterday that Iraq today turns an important page of its history that lasted more than 30 years and is seeking to strengthen cooperation frameworks with the international community, adding that Iraq paid 52.4 billion US dollars in compensation to Kuwait and did not He is required to pay any additional amounts in the future as compensation or deal with Chapter VII procedures.

From: Raghad Daham

[yota691]

This is what will happen to Iraq after its exit from Chapter VII!

23 February 2022 | 12:49

Fourth - follow up

 

Today, Wednesday, Adviser to the Prime Minister, Mazhar Muhammad Salih, identified the most prominent positive effects after Iraq’s exit from Chapter VII, while noting that this would expand regional economic cooperation.
Saleh said in a statement to the Iraqi News Agency (INA), that "the return of Iraq to the international community, free from the restrictions imposed by Chapter VII of the Charter of the United Nations since 1990, is an important victory for the Iraqi people and for Iraqi diplomacy," noting that "this will enable the Iraqi state." From dealing with the world without harsh restrictions and limitations that spanned more than 30 years.”
He added that "Iraq, the government and the people, is today the foundation of freedom and peace in the region and the world," noting that "the new openness of the world to Iraq and the lifting of all restrictions represents a technological and scientific progress that our country will witness while it is free of obstacles and high costs imposed on it in the movement of its economy with the world." .
He added, "This will open the international business environment to Iraq in a country that has become free of the cost of political and other risks," noting that "Iraq is looking forward to developing bilateral economic relations and opening them up to the State of Kuwait and all countries in the region."
He stressed that "regional economic cooperation will take a wide range in promoting positive economic interactions, especially expanding investment opportunities and joint cooperation for the happiness of the Iraqi people and all the peoples of the region."
Earlier, the UN Security Council issued Resolution No. (2621) on February 22, 2022, which confirmed Iraq's fulfillment of all its international obligations under Chapter VII, and resulted in its exit from Chapter VII with immediate effect, and the closure of the Compensation Committee and Fund at the end of this year.

[yota691]

Economist: Kuwaiti Compensation Will Provide Iraq With Buffers To Face Future Economic Crises

23/02/2022

17

 

Earth News/ Economic expert Abdul Rahman al-Mashhadani confirmed today, Wednesday, that the end of Kuwaiti compensation will provide Iraq with a buffer to face future economic crises.

Al-Mashhadani told "Earth News" that "ending the file of compensation, which drained approximately 3% of oil revenues, which is about 3 billion dollars, is supposed to reflect positively on the revenues of the general budget, because these allocations have been deducted since 1991.

He added, "These three billion are supposed from today for the government to take a decision in regards to it, either to allocate to the investment side with regard to financing infrastructure projects, or to establish a sovereign fund that could be one of the buffers to confront the economic crises that arise in the future because the global economy is always going through successive economic crises." .

He continued, "In 2008 we witnessed an economic crisis, and in 2014-2015 an economic crisis, as well as in 2020, so these crises have an average duration and may pass every 5 or 4 years.

And he indicated that "the world is witnessing a major economic crisis that leads to the collapse of oil prices, and therefore the Iraqi government during all the past years has no buffers that it can rely on to finance its ongoing expenses, so it is forced to borrow from the central bank, commercial banks, or international borrowing, and this increases the burdens on the economy." The Iraqi and the citizen as well.

He pointed out that "the establishment of these sovereign funds could be one of the buffers in which we face such crises, or that it may be directed to financing investment projects instead of relying on allocations.

[yota691]

The Text Of The UN Security Council Resolution On The Fulfillment By Iraq Of All Its International Obligations Under Chapter VII

23/02/2022

43

  

 

[yota691]

The Minister Of Foreign Affairs Discusses With The Representative Of China The Outcomes Of The Security Council Resolution On Compensation

02/23/2022

25

 

Earth News/ Foreign Minister Fuad Hussein met today, Wednesday, with the Permanent Representative of China to the United Nations, Ambassador Zhang Jun, at the United Nations Headquarters in New York.

The ministry said in a statement received by "Earth News" that "the two sides discussed the outcomes of the Security Council's decision to end compensation, and the fruitful cooperation of members of the Security Council in this important file for Iraq and its people, and its positive repercussions on the country's future and capabilities."

The statement added, "The Minister of Foreign Affairs thanked the Government of the People's Republic of China on behalf of Iraq for supporting Iraq's efforts to fulfill its obligations and exit from Chapter VII procedures.

[yota691]

MEETINGS COVERAGE

SC/14801

22 FEBRUARY 2022

• SECURITY COUNCIL

8972ND MEETING (PM)

Security Council Unanimously Adopts Resolution Confirming United Nations Compensation Commission Has Fulfilled Its Iraq-Kuwait Mandate

Delegates Hail Rare Cooperation in Efforts to Find Missing Persons, Archives

The Security Council unanimously adopted today a resolution confirming that the United Nations Compensation Commission has fulfilled its mandate in processing claims and paying compensation for losses and damage suffered by Kuwait as a direct result of Iraq’s unlawful invasion and occupation of its territory in 1990.

By the terms of resolution 2621 (2022), the 15-member Council decided that the Commission, formed in 1991, has fulfilled its mandate under resolutions 687 (1991) and 692 (1991) and other relevant resolutions of the Security Council.

Also by that text, the Council further reaffirmed that Iraq has fulfilled its international obligations to compensate all claimants awarded compensation by the Commission for direct loss, damage — including environmental damage and the depletion of natural resources — or injury to foreign Governments, nationals and corporations as a result of its unlawful invasion and occupation of Kuwait.

Also by the text, the Council decided to terminate the mandate of the Commission, and, in accordance with Decision No. 277 of the Governing Council, directs the Commission to conclude the outstanding matters necessary for its closure and for the dissolution of the Fund by the end of 2022, and to return to the Government of Iraq any amounts remaining in the Fund at the point of dissolution.

The United Nations Compensation Commission was created in 1991 as a subsidiary organ of the Security Council, with a mandate to process claims and pay compensation for losses and damage suffered as a direct result of Iraq’s unlawful invasion and occupation of Kuwait.

Following the adoption, Michael Gaffey, President of the Governing Council of the United Nations Compensation Commission, submitted its final report to the Council.  It summarizes the Commission’s work since inception, almost 31 years since the Council reaffirmed Iraq’s liability under international law for any direct loss or damage resulting from its invasion and occupation of Kuwait.  It also established the Compensation Commission and the Compensation Fund under Security Council resolution 692 (1991).

Ultimately, he noted, 2.7 million claims were submitted to the Commission, seeking $352 billion in compensation, and with the final payment by the Commission on 13 January 2022, a total of $52.4 billion in compensation was awarded to 1.5 million claimants — representing approximately 15 per cent of the total claimed.  He said that was an historic achievement, representing the first successful example of recourse for individuals to seek compensation from an aggressor State.

He specified that the Council treated on an urgent basis the resolution of claims of individuals forced to leave Iraq or Kuwait; the claims of those who suffered serious personal injuries or whose spouse, child or parent died; and the claims of those who suffered personal losses of up to $100,000.  He also affirmed that all decisions by the Council over three decades were adopted by consensus.  “In marking this historic milestone, our thoughts are above all with the people of Iraq and Kuwait, who have borne a long and painful legacy of this conflict,” he said.  Citing the remarkable level of national, regional and international cooperation, he said “it is not every year that a United Nations body successfully completes its work and is dissolved”, demonstrating what multiple States with different interests can achieve through positive cooperation at the United Nations.

When the floor opened for debate, speakers hailed the fulfilment of the Compensation Commission’s mandate as a landmark achievement in the history of the Security Council.

Kenya’s delegate affirmed that “rarely does the Security Council meet to consider the closure of a file following the full implementation of its decision”, describing the event as a benchmark occasion for the United Nations and multilateralism.

Ireland’s representative said the fulfilment of the mandate marks an unprecedented achievement in the annals of international claims resolution, representing the first case of individuals having recourse to seek compensation from an aggressor State.

Iraq’s Foreign Minister said the close of the 30-year-long chapter allows his country to embark on a new diplomatic, political and economic journey.  In line with the resolution just adopted, Iraq has fulfilled its mandate and will no longer accept future compensation claims nor be liable for additional payments, he emphasized.  He pointed out that his country carried out its obligations according to the timetable set by the Commission, despite facing economic losses due to terrorism, and stressed the need to lift measures imposed upon Baghdad under Chapter VII of the Charter of the United Nations.

Kuwait’s delegate welcomed the unanimous adoption of the resolution, the adoption of the principle of compensation and the display of strong resolve to address the terms of the initial aggression.  Those efforts were intended not to punish the aggressor but to ensure accountability, he emphasized, explaining that settling claims is key to building trust and clearing up any issues in order to forge relations.

The representative of the United States said the Compensation Commission can be judged as a successful mechanism for post-conflict management, with the completion of its work serving as a reminder that “the impact of war extends for decades, even after the actual fighting may have ended”.  He cautioned that Member States should continue to take actions that help to prevent armed conflict.

However, the Russian Federation’s delegate, while commending Iraq’s efforts, noted that since the crisis broke out in 1990, that country endured sanctions pressure that morphed into collective punishment of the Iraqi people.  Recalling that the invasion of Iraq by the United States was carried out under the pretext of destroying non-existent weapons of mass destruction, he emphasized inadmissibility of double standards and unilateral coercive measures.

Also speaking were representatives of the United Kingdom, France, United Arab Emirates, Mexico, India, Gabon, Norway, China, Albania, Ghana and Brazil.

The meeting began at 3:04 p.m. and ended at 4:23 p.m.

Adoption

VASSILY A. NEBENZIA (Russian Federation), President of the Security Council for February, at the meeting’s outset, drew attention to a draft resolution submitted by the United Kingdom (document S/2022/136) and a letter dated 10 February 2022 from the President of the Governing Council of the United Nations Compensation Commission, addressed to the President of the Security Council (document S/2022/104).

The Council then unanimously adopted resolution 2621 (2022) (to be issued as document S/RES/2621(2022)), deciding that the Compensation Commission has fulfilled its mandate under resolutions 687 (1991) and 692 (1991) and other relevant resolutions of the Security Council.

By other terms of the resolution, the 15-member Council further reaffirmed that Iraq has fulfilled its international obligations to compensate all claimants awarded compensation by the Commission for direct loss, damage — including environmental damage and the depletion of natural resources — or injury to foreign Governments, nationals and corporations as a result of its unlawful invasion and occupation of Kuwait, as set out in paragraphs 16 and 18 of resolution 687 (1991) and resolution 692 (1991).

Also by that text, the Council confirmed that the Government of Iraq is no longer required to deposit a percentage of proceeds from export sales of petroleum, petroleum products and natural gas into the Fund.  It decided to terminate the mandate of the Commission, and, in accordance with Decision No. 277 of the Governing Council, directed the Commission to conclude the outstanding matters necessary for its closure and for the dissolution of the Fund by the end of 2022, and to return to the Government of Iraq any amounts remaining in the Fund at the point of dissolution.

Briefing

MICHAEL GAFFEY, President of the Governing Council of the United Nations Compensation Commission, submitted that body’s final report to the Security Council, which summarizes its work since inception.  It marks almost 31 years since the Council reaffirmed Iraq’s liability under international law for any direct loss or damage resulting from its invasion and occupation of Kuwait, and establishing the Compensation Commission and the Compensation Fund under Security Council resolution 692 (1991).  Ultimately, he noted, 2.7 million claims were submitted to the Commission seeking $352 billion in compensation, with the final payment by the Commission on 13 January 2022.  A total of $52.4 billion in compensation was awarded to 1.5 million claimants, representing approximately 15 per cent of the total claimed.  He went on to hail that historic achievement, saying it represents the first successful example of recourse for individuals to seek compensation from an aggressor State.

He noted that the Council decided specifically to expedite and treat on an urgent basis the resolution of claims of individuals who were forced to leave Iraq or Kuwait; the claims of those who suffered serious personal injuries or whose spouse, child or parent died; and the claims of those who suffered personal losses of up to $100,000.  On 9 February, he continued, the Governing Council adopted its final decision, fulfilling its mandate, declaring that the Government of Iraq has fulfilled its international obligations to compensate for losses and damages suffered as a direct result of the unlawful invasion of Kuwait.  He went on to point out that Security Council decisions over three decades were adopted by consensus.  “In marking this historic milestone, our thoughts are above all with the people of Iraq and Kuwait, who have borne a long and painful legacy of this conflict,” he said.  Citing a remarkable level of national, regional and international cooperation, he emphasized that the Commission’s challenge was not only about restitution, but also reconciliation.

As noted in the Governing Council’s two-hundred-seventy-seventh decision, he said, the Commission will wind down all activities in 2022, with considerably downsized staff addressing residual administrative and financial issues and the transfer of any remaining funds to the Government of Iraq.  Following a final administrative Governing Council session, the Commission will be dissolved and a reporting letter sent to the Security Council.  “It is not every year that a United Nations body successfully completes its work and is dissolved,” demonstrating what multiple States with different interests can achieve through positive cooperation at the United Nations, he noted.  The Commission faced a daunting task and has shown for more than 30 years the possibility of post-war reconstruction and reconciliation by Member States acting through the United Nations.

Statements

BARBARA WOODWARD (United Kingdom), noting that the final payment of over $600,000 made in January marked the fulfilment of the Commission’s mandate after more than 30 years, said Iraq has now fulfilled its obligations in relation to the Chapter VII measure.  Commending Iraq’s commitment to its payment under various Governments and in exceptionally difficult economic and security circumstances, she said the completion of the Commission’s mandate serves not only as a reminder of the consequences of breaching international law, but also an example of achievements reached through positive cooperation at the United Nations.

RICHARD M. MILLS, JR. (United States) said that the Compensation Commission can be judged as a successful mechanism for post-conflict management, made possible by the Council’s collective commitment to the maintenance of international peace and security, as its members came together to rectify the damage created by Saddam Hussein’s occupation of Kuwait.  The Commission’s success would not have been possible without its staff, whose professionalism helped to build confidence in the compensation process, he said, also commending the Governments of Kuwait and Iraq for their role.  He also credited Iraq for its consistent participation in the claims process throughout several Governments.  The completion of the Commission’s work serves as a reminder that “the impact of war extends for decades, even after the actual fighting may have ended”, he said, cautioning Member States that they should continue to take actions that help to prevent armed conflict.

SHERAZ GASRI (France) spotlighted the Compensation Commission’s work over the past 31 years, in which it processed nearly 1.5 million claims in an amount exceeding $52 billion.  Iraq has scrupulously honoured its obligations by making regular contributions to the Compensation Fund despite difficulties endured over recent years.  She pointed out that a new chapter in Iraq-Kuwait relations has begun with the dissolution of the Compensation Commission, also recalling the strength of the partnership forged between France and these two countries.  Further, she welcomed the positive role played by Iraq and Kuwait at the regional level in facilitating crisis resolution and setting the stage for regional dialogue.

LANA ZAKI NUSSEIBEH (United Arab Emirates) said the adoption of the resolution terminating the work of the Compensation Commission represents a historic moment under the agenda item “the situation between Iraq and Kuwait”.  She commended the efforts made by Iraq, especially given the challenges it faces, to pay all of its reparation payments as decided by the Commission, in accordance with the relevant Council resolutions and other decisions issued by its Board of Directors.  She also commended Kuwait’s close cooperation with Iraq and the Commission, with efforts by both countries reflecting their sincere desire to conclude the matter and move forward.  Calling for more such positive steps to end all outstanding issues under the agenda item, she noted the particular need for progress on the issue of missing Kuwaitis and third-country nationals, as well missing Kuwaiti property, including items from the national archives.

ALICIA GUADALUPE BUENROSTRO MASSIEU (Mexico) commended Iraq’s fulfillment of all the dues owed to Kuwait, owing to the loss, damage and environmental degradation that occurred during its invasion in 1990, adding that Iraq carried out its obligations despite facing numerous challenges, including the pandemic and its fight against terrorism.  She also commended Kuwait’s flexibility in allowing Iraq to suspend its compensation payments between 2014 and 2016 as a result of the latter’s fight against Islamic State in Iraq and the Levant (ISIL/Da’esh).  The end of the compensation payments marks a new chapter for Iraq, which can now use its resources for the benefit of its people, she said, calling on the Government to realize their aspirations and to undertake reforms on issues that require it.  Noting that the Secretariat received 2.7 million claims over the last two decades, she expressed hope that relations between the two countries will continue to deepen and become pillar of stability in the region.

RAVINDRA RAGUTTAHALLI (India) commended the Government’s commitment to fulfil its obligations, despite severe political, security and economic challenges.  He also highlighted the cooperation between Iraq and Kuwait and their continued engagement with the Commission as a good model for how Member States can achieve post-conflict reconciliation through positive cooperation.  Indian nationals and companies, however, were directly affected by the 1990 conflict, he said, adding that India had mobilized one of the largest air evacuations in history to bring home more than 170,000 stranded people.  When the Compensation Commission was established, India set up a separate unit within its Ministry of External Affairs to coordinate the claims process.  It facilitated the filing of more than 150,000 claims on behalf of Indian nationals, of which 147,000 claims were accepted, he added.

AURÉLIE FLORE KOUMBA PAMBO (Gabon) noted the strengthening of bilateral relations between Iraq and Kuwait, as well as the will of both parties to continue to work together within the tripartite mechanism on missing Kuwaitis and third-party nationals.  She further noted their efforts with regard to the tripartite committee and its subcommittee, including the identification of remains and the return of Kuwaiti property, including archives.  She said those efforts have improved trust between both States.  Welcoming the progress made in the search for missing Kuwaiti nationals, she encouraged both countries to deepen their cooperation with regard to third-party nationals as well as property such as the national archives.

GERALDINE BYRNE NASON (Ireland) said the fulfilment of the Commission’s mandate marks an unprecedented achievement in the history of international claims resolution.  It represents the first case of individuals having recourse to seek compensation from an aggressor State, she added.  Ireland is pleased to have been able to preside over the Governing Council in Geneva at this critical moment, she said, noting that the final payment was made in January in respect of the last remaining claim with an outstanding balance in compensation awarded by the Commission.  The Security Council’s adoption of the resolution that established the fund and the Commission provided a unique and effective means to enforce State responsibility for unlawful acts, while making possible post-conflict reconciliation and reparation following devastating losses and damages, she noted.  “There is an inextricable link between Iraq’s stability and that of the wider region,” she said, commending that country’s exemplary role in encouraging and facilitating regional dialogue over the last year.

VEBJOERN HEINES (Norway), welcoming the recent declaration that the Government of Iraq has now fulfilled all its obligations, noted that this is an historic and significant achievement.  Commending the cooperation of both Iraq and Kuwait with the Commission, he said it has also improved relations between the two countries and advanced regional stability.  He encouraged further progress on the missing persons file and on the return of the Kuwaiti archives.

ZHANG JUN (China) welcomed today’s unanimously adopted resolution terminating the Compensation Commission’s mandate and reaffirming that Iraq has fulfilled its international obligations to compensate claimants.  That country’s Government has overcome enormous difficulties, he said, adding that the people of both countries were victims of the erroneous policies of the previous Iraqi regime, of sanctions and of the 2003 war that circumvented Security Council authorization and led to occupation.  He also welcomed Kuwait’s constructive participation in the Commission’s work to ensure a smooth compensation process.  Spotlighting the environmental disaster caused by the Gulf War, he called on the international community to continue supporting Kuwait’s remediation and restoration projects.  He went on to express hope that Iraq and Kuwait will develop future-oriented cooperation and jointly promote regional peace, stability and prosperity.

FERIT HOXHA (Albania) said that Iraq, by meeting its obligations under Chapter VII of the Charter of the United Nations, has shown that the Compensation Commission remains a model for post-conflict reconstruction and reconciliation.  He emphasized, however, that this occasion should also serve “as a reminder of the catastrophic cost of war” — costs that are borne by several generations — and of the importance of preventing conflict and discouraging illegal acts of aggression.  It is another reminder of the need for unified determination to establish and maintain peace in the world by tackling the systemic causes of violent conflict before they erupt, he stressed.  Since Iraq has met its international obligations, it can now use its revenues fully for the benefit of its people and address the severe economic challenges facing the country, he said.

CAROLYN ABENA ANIMA OPPONG-NTIRI (Ghana) said the United Nations Compensation Commission was established 31 years ago, following the invasion of Kuwait by Iraq, marking the founding of the first Commission of its kind, which constitutes a model of post-conflict reconstruction and reconciliation.  Commending the Commission’s successful processing of all claims for losses and damages suffered during the invasion of Kuwait by Iraq, she welcomed the adoption of the resolution in this regard, as well as the final report of the Commission, which chronicles a case of meaningful post-conflict reconciliation achieved by a Member State.  The Commission addressed claims on an unprecedented scale, she added, before commending Iraq’s sustained cooperation with Commission, as well as Kuwait’s positive engagement throughout this period.

PAULA AGUIAR BARBOZA (Brazil) said that after 30 years, the Compensation Commission had fulfilled its purpose as an instrument of redress and served to advance reconciliation between the parties.  She commended Iraq for its steadfast commitment to meeting its obligations during one of the most difficult periods in its history.  She recognized the understanding and collaborative spirit shown by Kuwait, as well as efforts by third-party States and the work of Commission staff.  Those efforts represent “the turning of a page” on the enmities of the past, she said, pointing towards the promise of stability and prosperity in the region.

MICHAEL KAPKIAI KIBOINO (Kenya) congratulated the Compensation Commission for achieving its mandate.  “Rarely does the Security Council meet to consider the closure of a file following the full implementation of its decision”, he said, noting that it was a historic occasion for the United Nations and multilateralism.  The Security Council has unanimously reaffirmed that Iraq has fulfilled its obligations to compensate all claimants, he said.  Completion of the mandate presents a financial opportunity for Iraq to invest back into its budget to advance the economy for its people, and a chance to pursue shared regional goals.  Importantly, the achievement demonstrates the ability of multilateralism and international law to deliver, given the chance.

VASSILY A. NEBENZIA (Russian Federation), Council President for February, spoke in his national capacity to welcome Baghdad’s efforts to honour its international obligations by duly awarding compensation to claimants.  Iraq is now no longer under the obligation to transfer a percentage of its petroleum-export revenue to the Compensation Fund, and those resources can now work to improve the socioeconomic situation of Iraqi society.  Since the outbreak of the crisis in the Persian Gulf in 1990, that society has endured sanctions pressure that, instead of serving to facilitate a political solution, morphed into a collective punishment for the Iraqi people.  He urged that sanctions only be exercised under the most exceptional circumstances, and that such regimes be subject to regular modification and review until they are fully lifted.  Recalling that the United States’ invasion was carried out under the pretext of destroying non-existent weapons of mass destruction — in the absence of a Council mandate and in violation of international law — he underscored the inadmissibility of double standards and unilateral coercive measures.

FUAD MOHAMMAD HUSSEIN, Minister for Foreign Affairs of Iraq, said that with this 30-year-long chapter now drawing to a close, his country embarks on a new diplomatic, political and economic journey, during which it will play a more prominent regional and international role, commensurate with its historical and cultural significance for the region and the world.  According to the final report of the Compensation Commission, and the briefing by the President of the Governing Council, Iraq has fulfilled its international obligations under related Council resolutions, he said, adding that a total $52.6 billion was awarded through the Commission and distributed among 1.5 million claimants of various categories. 

In line with the resolution adopted today, Iraq has therefore fulfilled its mandate, he said.  It will no longer accept future compensation claims, it will not be liable for additional payments and it will cease to be subject to measures under the United Nations Charter’s Chapter VII.  Further, his country carried out its obligations according to the timetable set by the Commission, despite facing economic losses suffered due to terrorism.  Despite a significant decline in oil prices, he noted that Iraq fought terrorism, as well as funded programmes on the return of internally displaced persons and humanitarian aid and reconstruction.  He stressed the need to lift measures imposed upon Iraq under Chapter VII, for Iraq to preserve its international rights and privileges, and for the country to be shielded from future claims, adding that the process will not be complete without the inclusion of Iraq’s legitimate demands in today’s resolution.

MANSOUR AYYAD SH. A. ALOTAIBI (Kuwait) welcomed the unanimous adoption of resolution 2621 (2022) regarding the unlawful invasion and occupation of Kuwait in 1990.  He noted the Compensation Commission considered 2.7 million claims worth $352 billion, paying out $52.4 billion to 1.5 million claimants, confirming a deliberative approach to the issue.  This represents a historic achievement by the Council, adopting the principle of compensation and displaying strong resolve to fulfil the mandate and address the terms of the aggression.  These efforts were intended not to punish the aggressor but ensure accountability, as settling claims is key to building trust and reconciliation and clearing up any issues in order to forge relations.  He cited a preambular paragraph of the resolution commending the goodwill Kuwait has shown to the Government of Iraq during the Commission’s process, including its support for Iraq’s requests to suspend its deposits into the Fund in 2014, 2015 and 2016.  Congratulating Iraq for fulfilling its obligations and bearing legal responsibility for the unlawful occupation of Kuwait by its previous regime in 1990, he expressed hope for further progress on the issue of missing Kuwaitis and third-country nationals, as well on missing Kuwaiti property — efforts which can only enhance bilateral brotherly relations.

[Hotcurl]

2 hours ago, yota691 said:

Earlier, the UN Security Council issued Resolution No. (2621) on February 22, 2022, which confirmed Iraq's fulfillment of all its international obligations under Chapter VII, and resulted in its exit from Chapter VII with immediate effect, and the closure of the Compensation Committee and Fund at the end of this year.

Here is it folks; The official statement from the UN, the release from Chapter Vll , "with immediate effect" !!

It's been a long time coming.

 

Semper Fi

RV there yet ?  

 

[MyLadiesDaddy]

I sense much more gold reserves coming my way 

   

[6ly410]

 

Economist: Iraq did not come out of Chapter VII and the government should take advantage of the decision!

Posted 2 minutes ago

https://iraqakhbar-com.translate.goog/3496905?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news sourceNR TV channel

news source / NR TV channel

 

The economic expert, Abdul Rahman Al-Mashhadani, confirmed, today, Thursday, that Iraq has not escaped from Chapter VII, but the compensation file has been closed, calling on the government to take advantage of the decision to cancel deductions and invest money to face the economic crises facing the country.

 

Al-Mashhadani said in an exclusive statement to NRT Arabic, “Iraq is still under Chapter VII and has not left it, and that the recent Security Council resolution indicated ending the work of the Compensation Committee and closing its file completely, so the aforementioned committee will not consider any claims in the future, and this is a positive step.” He explained  that "not to take Iraq out of Chapter VII is due to the existence of outstanding issues, including the file of missing Kuwaitis."

 

Regarding the details of finalizing the compensation file, the economist stated, “The compensation was 52 billion and 400 million dollars, and it was paid to international companies, countries and individuals, including Kuwait, which had the largest share, estimated from 30 to 32 billion dollars, and the last payment was delivered to the mentioned countries in December. 2021".

 

Al-Mashhadani pointed out that "these deductions amounted to 3% of the total Iraqi oil exports, equivalent to approximately 3 billion dollars, and the Iraqi government is supposed to return them, given that these amounts were not counted within the revenues in the general budget previously."

 

The economist suggested, "The government allocates 3% of the estimated revenues to finance medium-sized investment projects or new projects, or allocates it as capital in a (sovereign) fund, and then invests its resources to face the shocks and economic crises that the country is facing."

 

Al-Mashhadani stressed, "The decision to end the compensation file gave Iraq freedom to claim the funds frozen in banks and international companies before 1991," noting that "these benefits are estimated at between 5 billion to 25 billion dollars, and these can be claimed by Iraq."

 

And he continued, "Iraq can now recover the leaked money that came out due to corruption operations, which are estimated by the Integrity Commission at 150 billion dollars for the men of the former regime in Switzerland, and up to 300 billion dollars for the men of the current regime."

 

He added, "This decision will allow the Iraqi Bank to operate more effectively and actively than before, and in various countries of the world, as the sanctions did not allow Rafidain, Rasheed and private banks to open branches for them and practice their financing work for Iraqi trade abroad, and Iraq was dependent on banks Correspondence in the Emirates, Jordan and Turkey to finance trade, and now these banks can return again in the Arab and international arena and be an agent for Iraqi business abroad

[NoviceInvestor]

6 hours ago, ladyGrace'sDaddy said:

I sense much more gold reserves coming my way 

   

Dare I say that word🤔.. S*** I hope. 

[6ly410]

A new clarification regarding the expulsion of Iraq from “Chapter Seven”

Posted 26 seconds ago

https://iraqakhbar-com.translate.goog/3496882?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news sourceAlsumaria channel

 

News source / Alsumaria channel

The head of the Committee of Financial Experts of the Council of Ministers, Abdul Basit Turki, said on Thursday that the UN Security Council had not issued an "official and clear declaration" to completely remove Iraq from all the paragraphs of Chapter VII.

 

Turki confirmed in an interview with Alsumaria News, "The matter needs that the resolution include a clear text regarding removing Iraq from Chapter VII of the Charter of the United Nations.

 

He added that he "sent a question to the Secretary-General of the Administrative Council of the Kuwait Compensation Committee in Geneva, Irene, indicating whether or not Iraq was officially and clearly removed from the provisions of Chapter VII of the United Nations Charter, which responded that she is waiting for a decision in that from the Security Council.

And it was included in an answer indicating, according to Turki, that “Iraq has been deleted from Chapter VII with regard to all matters related to the United Nations Compensation Committee,” but the Chairman of the Committee of Financial Experts finds it necessary that the decision include a “clear text” to lift the international trusteeship of Iraq completely.

On Tuesday, the UN Security Council unanimously issued a resolution officially ending the mandate of the “United Nations Commission on Compensation for Damage Resulting from Iraq’s Invasion of Kuwait in 1990” after Baghdad paid the full amount owed to Kuwait, amounting to 52.4 billion dollars.

You can read the news from the source here

[6ly410]

 

https://shafaq.com/en/Report/Iraq-turns-the-last-page-in-Chapter-VII-the-economic-and-political-implications-of-the-UNSC-decision

Iraq turns the last page in Chapter VII: the economic and political implications of the UNSC decision

2022-02-24 01:57

 

Shafaq News/ With the resolution adopted by the United Nations Security Council (UNSC) last Thursday, Iraq has turned an important page in its troubled national history. After more than 30 years of punitive measures put in place under Chapter VII of the United Nations Charter, the country has now ended its pariah status in the international system. Iraq has managed to fulfill its final Chapter 7 obligations after a brief break due to ISIS's invasion of vast areas of the country, closing, both literally and figuratively, a painful chapter in Iraq's history.

Chapter VII is the most coercive option available in dealing with threats to peace and acts of aggression, and allows the Security Council to authorize a spectrum of actions ranging from the introduction of sanctions to military interventions if states do not abide by the council's demands.

Assets that are frozen due to Security Council Resolution 1483 will be freed up. This resolution had targeted assets belonging to 89 individuals related to Saddam Hussein's regime and, more importantly, the foreign assets of 208 entities such as several Iraqi banks (including the Central Bank of Iraq-CBI), certain ministries, Iraqi Airways, and many other companies active in the agricultural, manufacturing, industrial, media, petrochemical, and construction sectors. The total amount of frozen assets is difficult to estimate: scattered across 20 different countries, accounts contain sums ranging from 1 billion to 38 billion euros. Most of these funds originate from the scandal-plagued "oil for food" program (which allowed Iraq to sell oil in spite of sanctions in return for medicine, food, and other humanitarian supplies). The regime managed to circumvent the program’s limitations through corruption and kickbacks, often transferred to bank accounts abroad.

The CBI said that Iraq has plugged a tremendous economic drain, highlighting prospects of prosperity and openness to international investments.

"We hope this achievement contributes to integrating the Iraqi banking sector into the international system and boosting the monetary resources," the CBI said in a statement.

The economic advisor to the Iraqi Prime Minister, Mudher Saleh, said that the compensations chomped a huge chunk of the national Gross Domestic Product (GDP) of the country. "It is sufficient to build a power grid that invigorates Iraq for years," he said.

"Iraq will be able to recover the frozen assets held under escrow by the UN in the development fund for Iraq, among proceeds from other assets that are frozen in states and international organizations," he said, "Iraq will be allowed to import previously banned technology. The resolution will also boost the investment climate of Iraq and its credit rating."

Economic experts believe that the sums that used to drain nearly six to seven million dollars from the Iraqi treasury on a daily basis will be able to cover a significant portion of the state expenditures, hoping that they would be invested in sustainable investment projects.

Iraqi Foreign Minister Fuad Hussein told the council that his country has concluded "an important 30-years-long chapter and embarks on a new chapter in its diplomatic, political and economic journey."

"This will be an era of a more prominent regional and international role, commensurate with Iraq’s historical and cultural significance for the region and the world, an era during which Iraq will be an active member committed to the aspirations and goals of the international community," he said.

Indeed, the 15-member UN Security Council's decision to remove Iraq from Chapter VII underscores the country's increased cooperation with its neighbors and marks an end to Saddam Hussein's legacy of aggression.

States under Chapter VII are not only officially viewed as a threat to international peace and security; they also have their sovereignty significantly curtailed. Therefore, the transition to Chapter VI, according to experts, means that Iraq is a peaceful state that resolves its disputes via peaceful mediation. Aside from being a positive sign of Iraq's recovery to its full interaction with the international community, it provides promising opportunities for foreign investment in the country, particularly in the post-Kuwait donor conference on the reconstruction and investment of Iraq.

Iraq became subject to sanctions on August 6, 1990, four days after its invasion of neighboring Kuwait. UN Security Council Resolution 661, later complemented by Resolution 687 in April 1991, imposed a series of sanctions on Baghdad which included restrictions on free trade, financial dealings, weapons sales, flights, and various imports. It also included an inspection system designed to prevent Iraq from obtaining and maintaining ballistic missiles and nuclear, chemical, and biological weapons. Most of these sanctions (often criticized for having hurt the population at large more than the regime) were lifted in 2003, after the toppling of Saddam Hussein; but not all were rescinded, due to some disputes between Iraq and Kuwait. UN Security Council Resolution 1483 replaced the punitive measures with asset freezes and a limited weapons embargo which allowed for Iraq to rebuild its security apparatus with conventional weapons. Unfortunately, the dispute between the two. Neighbors could not be settled quickly as it encompassed an array of financial and political files which had remained unresolved for decades. These included the contested border demarcation between the two states, and therefore tapped into a history of state formation under the British mandate.

Based on UN Security Council Resolution 687, Iraq is liable not only for the damages incurred during its invasion of Kuwait, but also for the debt owed to the emirate before 1990. Compensation is required, i.a. for the seizure of 10 aircraft belonging to Kuwait Airways, the theft of Kuwait’s national archive, and environmental damage. A United Nations Compensation Commission determined that Baghdad must pay a total sum of 31.5 billion euros (52.4 billion dollars). Most of the compensation went to the Kuwaiti government and oil sector, and was paid out of an UN-managed fund into which Iraq paid 5 percent of its oil revenue.

[yota691]

A legal expert clarifies..Can Kuwaiti people and companies affected by the invasion of Iraq claim compensation

 

 

421 Policy 2022/02/25 13:45 Baghdad today -

Baghdad Today, Friday, legal expert Saad Al-Bakhti clarified about the fears that Kuwaiti people and companies affected by the invasion of Iraq will claim compensation after paying the debts owed by Iraq. Al-Bakhti said in a statement to (Baghdad Today), that "Iraq has paid all the debts that it owed as a result of the invasion of the State of Kuwait during the era of the previous regime. ". He added that "no regional country has the right to file a lawsuit against Iraq, as it has fulfilled all its international, regional and financial obligations." Al-Bakhti explained that "there is an administrative, legal and moral issue that the international community, the United Nations and the relevant authorities must stand with Iraq to restore its political and economic standing among the countries of the world." The legal expert pointed out that "Iraq was shackled by international debts, and now it has become healthy and strong, and it must proceed to take its geographical, strategic and financial position at the regional and international levels," noting that "Iraq has become the political and economic decision-maker in managing its affairs and possesses full sovereignty after the decision to leave the item." Seventh".

[yota691]

The UN Security Council holds a special session to discuss the situation in Iraq

• Time : 02/24/2022 18:08:12
•  
• Reading: 650 times

[yota691]

Blackshart: The political parties must show a spirit of partnership and highlight the entitlement of the Iraqi people

• Time: 02/24/2022 18:12:41
•  
• Reading: 1,859 times

  

{International: Al Furat News} The UN representative in Iraq, Jeanine Plasschaert, today, Thursday, briefed the UN Security Council at the United Nations headquarters in New York on the situation in Iraq.

 

On the formation of the government, Blackshart said, "Many Iraqis are increasingly asking whether the national interest is really the "overriding concern" of the ongoing negotiations - rather than obtaining resources and power or how to share the cake of political appointments and ministries this time?

The priority should be to urgently agree on a program of work that promptly and meaningfully addresses Iraq's long list of outstanding internal issues, and it is time to re-highlight who the people of Iraq deserve."

On the impact of the political impasse in the formation of the government, Blackshart explained, "Hindering the change and reforms that the country badly needs, and the priority should be to urgently agree on a program of work that immediately and meaningfully addresses Iraq's long list of outstanding internal issues. It is time to re-light the light on Who deserves it: the people of Iraq

Concerning the relations between Baghdad and Erbil, Plasschaert said, "It has become increasingly important to hold a dialogue of an institutional nature, and not controlling matters is a risky business that may lead to long-term consequences that undermine Iraq's stability in the short and long term."

She called on all concerned parties to "focus on the really important matters, and to unite instead of competing," adding that "all efforts should be focused on resolving the outstanding issues, not by seizing power, but by working in a spirit of partnership and cooperation."

She pointed out, "Environmental challenges represent an immediate threat that is often considered less urgent, but in the end it is one of the biggest global challenges that we face collectively, warning that" Iraq is acutely exposed to the effects of water scarcity due to climate change and the lack of water flow from its rivers. It is a threat multiplier, with increased risks of poverty, displacement, instability and conflict. Shared ownership of this critical file across the political spectrum will be a necessary issue.

On the economy, Blackshart emphasized, "Time is running out for Iraq, and as an Iraqi official told me some time ago, even if we start implementing the most urgent reforms the day before yesterday, it will take efforts beyond human capabilities to adequately address the financial, economic and environmental challenges today."

Regarding the camps in northeastern Syria, Plasschaert declared, “They are like time bombs that have implications for the region and beyond, and keeping people indefinitely under restrictive and poor conditions in those camps ultimately leads to more protection and security risks than returning them in a disciplined manner.” .

We should not wait for young children to come of age in a camp like Al-Hol. These kids who live in harsh conditions never wanted to be part of this mess. However, they found themselves stripped of their rights. These children find themselves vulnerable to forced recruitment and violent extremism.”

"The fact that some of the fighters and their associated family members managed to escape suggests that it would be better to control the situation and manage returns, rather than risk losing track of them slipping - undetected - into any country," she said.

Plasschaert concluded, briefing her on the file of missing Kuwaitis, third-country nationals, and missing Kuwaiti property, including the National Archives, that "the Iraqi government must use the experience gained so far and thus move towards the complete completion of this important humanitarian file."

[yota691]

Iraq | Briefing by SRSG Jeanine Hennis-Plasschaert to the UN Security Council | 24 February 2022
108 views Feb 24, 2022

 

UN Iraq

Briefing (As Delivered) by the Special Representative of the United Nations Secretary-General for Iraq and head of the United Nations Assistance Mission for Iraq (UNAMI), Ms. Jeanine Hennis-Plasschaert, at the 8975th meeting of the United Nations Security Council on the situation concerning Iraq, held in New York, on Thursday, 24 February 2022.  

[yota691]

Iraq's representative to the Security Council: We will not allow terrorism to stand in the way of the government's plans and efforts

• Time: 02/24/2022 19:37:50
•  
• Reading: 1,105 times

  

{Iraq: Al Furat News} The Permanent Representative of the UN Security Council, Muhammad Hussein Bahr Al-Ulum, announced today, Thursday, that the Iraqi government will not allow terrorism to stand in the way of its plans and efforts.

 

"We will not allow terrorism to stand in the way of the government's plans and efforts," Bahr al-Ulum said, during a briefing to the Security Council at the United Nations headquarters in New York.

He called on all international bodies to "combat the threat of terrorist gangs," stressing that "we have paid Kuwait the full $52.4 billion in compensation."

[yota691]

 

Blackshart addresses Iraqi politicians during a Security Council briefing: Will you share the "cake" this time?

 

 2022-02-24 10:16

 

Shafaq News/ On Thursday, the representative of the Secretary-General of the United Nations, Jeanine Hennis-Plasschaert, addressed Iraqi politicians, asking: Will you share the "cake" this time? .

During a briefing on the latest political developments in Iraq, which was followed by Shafak News Agency, Plasschaert indicated that "the time that is wasted in the Iraqi political impasse is more valuable than wasting it," calling on the Iraqi political forces, to "give priority to the country's interests, not to sharing the cake."

 

The UN envoy urged the political forces to "dialogue and agree on a real program of reform, especially with an obstacle to change and reforms that Iraq desperately needs," stressing that "the political vacuum and transcendence of differences will be very costly to the Iraqis."

 

In her briefing, Plasschaert noted that "Iraq needs to cooperate in managing power and not cling to it in any way," noting that "Iraq now embarking on the implementation of reforms, it will require tremendous efforts to accomplish them."

 

 

 

Earlier this evening, the UN Security Council held a special session to discuss the latest developments in the political arena in Iraq, discuss the efforts of the Iraqi forces to form the next government, and review the efforts of the political forces to complete the rest of the constitutional entitlements, four months after the elections.

[yota691]

 

Blackshart warns of poverty and conflict in Iraq: acutely exposed to a water crisis

 

 2022-02-24 10:23

 

Shafaq News/ The UN envoy to Iraq, Jenin Plaschaert, warned on Thursday that Iraq is facing an "acute" water scarcity.

 

"Iraq is acutely exposed to the effects of water scarcity due to climate change and the lack of water flow from its rivers," Blackshart said in a speech during a briefing to the Security Council on the Iraqi situation, followed by Shafak News.

 

Plasschaert described this matter as "a multiplier factor for the threat, as it accompanies increased risks of poverty, displacement, instability and conflict," noting that "common ownership of this very important file among the political spectrum will be a necessary issue."

 

Iraq had asked more than once the neighboring countries to increase the water releases of its rivers, warning of the effects of the severe shortage of its water coming through the Tigris and Euphrates and other rivers that flow into the Shatt al-Arab, such as the Karkheh River, in reducing agricultural areas and the migration of people to their areas with its reliance on new irrigation methods for its lands. to adapt to the new water conditions.

[yota691]

After exiting from Chapter VII.. How much is Iraq's frozen funds estimated?

 Investigations and Reports

 

•  Today, 14:56

 

Baghdad - conscious - Nassar al-Hajj
After Iraq turned a decisive and fateful phase that lasted for years by paying compensation to Kuwait and exiting the procedures of Chapter VII, this opened the door to the movement of his frozen funds abroad whose value has not been known until now due to the policies of the former regime, including the registration of part of those The money is in the names of people, which is difficult to recover.
Specialists and economic experts confirmed that Iraq’s exit from Chapter VII will move those funds that Iraq has been demanding for years, to supplement the budget with amounts that can be invested in service projects, develop the agricultural, industrial and commercial sectors, and build a healthy economy.
Adviser to the Prime Minister, Mazhar Muhammad Salih, told the Iraqi News Agency (INA), that "there are Iraqi funds estimated at $2.7 billion pending lawsuits or judicial seizures made by commercial creditors on Iraq," noting that "these funds are from Iraq's foreign balances that were frozen in year 1990".
He added that "UN Security Council Resolution No. 1483 in March 2003 demanded banks and international official bodies to release the frozen balances of Iraq and deposit them in the account of the Government of Iraq named (the Development Fund for Iraq DFI), which is open at the Federal Reserve Bank in New York, and the resolution excluded the seized or frozen funds at that time. Which belongs to Iraq and is subject to lawsuits at the time."
While the economic expert and academic Ahmed Saddam confirmed to the Iraqi News Agency (INA), that "the issue of frozen funds and their recovery is a very difficult issue," noting that "there are requests by the Ministry of Justice for multiple countries to retrieve that money."
Saddam expected that "the money officially registered in the name of the government will be recovered. As for the money registered in the name of people, it is difficult to know the gender and source of this money, and it is difficult for foreign banks to disclose it."
He stressed "the need for there to be an economic policy towards how to exploit this money, especially in the field of projects that serve the Iraqi economy," noting that "the value of this money is estimated at about one and a half billion dollars."
He stressed that "there is no accurate statistics about this money, because in the period of the previous regime, this money was recorded in the names of companies and individuals," noting that "there are sums of money smuggled abroad that can be estimated, according to the President of the Republic, Barham Salih, at up to 150 billion dollars annually since 2003 until today, and this indicates a major leakage of resources abroad."

Kuwait compensation
Saddam explained that "the payment of Kuwait's compensation amounting to 52 billion and 400 million dollars will allow more flexibility for the next budget," explaining that "these allocated amounts can be transferred to investment and production projects, which is a new outlet for the next budget."
While the economic expert, Basem Antoine, told the Iraqi News Agency (INA), that "there is a set of proposals regarding the amounts of Kuwait's compensation, one of which is to go to a sovereign fund or for reconstruction or accumulate annually to form a reserve balance for Iraq, used during the deficit period."
Regarding the frozen funds, he explained that "this money cannot be counted because it is dispersed, because the previous regime placed a lot of this money in various banks and it was discovered over time through the use of many human rights and economic companies," explaining that "this money will be placed after its return in sovereign funds." .
And he indicated that "there are large sums placed by the former regime in the names of people exceeding 30 to 40 people, with a value of no less than $500 million," noting that "it is possible to benefit from and collect these funds to improve the living situation, build service projects, build infrastructure for the Iraqi people and develop the sector." Agricultural, industrial and commercial, and reducing dependence on oil rents to build a sound economy, like the rest of the countries in the region.”
While the economic expert Salam Sumaisem told the Iraqi News Agency (INA), that "the state should follow a development approach to invest the money that was earmarked for Kuwait's compensation in order to serve Iraq, especially since it succeeded in paying the value of the indebtedness from the resources available to us."
Sumaisem asked: "Can the 2022 budget be changed by changing these new available resources, and will the state follow development paths?"
And Foreign Minister Fouad Hussein announced that Iraq has exited from Chapter VII procedures, after paying all of its financial obligations, while stressing that Iraq is no longer required to pay any additional sums of money in the future.
Hussein said in Iraq's speech at the Security Council during the session devoted to hearing the briefing of the Chairman of the United Nations Compensation Committee, a copy of which was received by the Iraqi News Agency (INA), that "Iraq today is turning an important page of its history that lasted more than thirty years," pointing to That "Iraq seeks to strengthen cooperation frameworks with the international community."
He added that "Iraq has paid the last payment in accordance with its financial obligations and paid the full amount of the due compensation," stressing that "Iraq is no longer required to pay any additional amounts of money in the future."
He pointed out that "the Iraqi government confirms that working with the United Nations Compensation Commission was a successful model for multilateral work," noting that "Iraq continued to fulfill these obligations in full according to the timetables."
He explained that "the government of Iraq considers the full fulfillment of its international obligations towards the international community and the sisterly State of Kuwait as a great development," noting that "Iraq has sought to complete this unique model to remove Iraq from all the procedures of Chapter VII."
And he added, "Iraq looks forward to the fact that closing this file will reflect positively on its regional and international relations," adding: "We congratulate the Iraqi people and government for ending international obligations and for Iraq's exit from Chapter VII procedures."
The United Nations mission in Iraq confirmed that the Security Council had terminated the mandate of the Compensation Committee.
And the mission stated in a tweet on "Twitter", followed by the Iraqi News Agency (INA), that "a historic milestone for the people of Iraq today: the United Nations Security Council ends the mandate of the Compensation Commission regarding Iraq's compensation to Kuwait." 
And she added, "Iraq is to be commended for its great cooperation in fulfilling its obligations and showing good neighborliness."
The UN Security Council Resolution No. (2621) stipulated that Iraq exited from Chapter VII by fulfilling all its international obligations under Chapter VII, which resulted in its exit from Chapter VII with immediate effect, and the closure of the Iraqi Compensation Committee and Fund for Kuwait at the end of this year.

[yota691]

Foreign Minister to an American official: National forces intensify government formation dialogues

 political

 

•  Yesterday, 22:46

 

Baghdad - INA
The Minister of Foreign Affairs, Fouad Hussein, confirmed today, Thursday, that the national forces are intensifying dialogues to form the government.
And the Ministry of Foreign Affairs stated in a statement received by the Iraqi News Agency (INA), that "Foreign Minister Fouad Hussein met with Ambassador Linda Thomas Greenfield, the Permanent Representative of the United States of America to the United Nations in New York, and during the meeting, the most important developments in the political and security situation were discussed, and the efforts made by order to expedite the formation of the next government.
Hussein stressed, according to the statement, that "the national forces are intensifying their dialogues to provide the necessary atmosphere to preserve the constitutional timings for forming the government, and to set a road map for the success of their work."
He stressed "Iraq's keenness to strengthen these relations, praising the positive and supportive role of the United States of America and its efforts in the Security Council and in the areas of development and Iraqi capacity-building.
The statement continued, "The progress of bilateral relations between Iraq and the United States of America, and ways to strengthen them, and the latest developments in the regional and international arena, cooperation and partnership between the two countries in various fields at the bilateral level and multilateral work at the United Nations, and the close cooperation between the Iraqi and American missions were also discussed. in New York". 
For her part, Ambassador Thomas Greenfield stressed "the commitment of the United States of America to support Iraq in order to ensure its security, stability and prosperity, and the continuation of joint work, especially by contributing to United Nations programs and providing development support in Iraq."