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UNSC lifts remaining sanctions on Iraq, urges Baghdad to "quickly" fulfill

obligations towards Kuwait UNITED NATIONS, Dec 15 (KUNA) -- The Security Council on Wednesday lifted the remaining restrictions on the import of weapons and peaceful nuclear technology to Iraq, decided that Baghdad shall continue to pay five percent of its oil export sales to the Compensation Fund, and reminded it that it still has obligations it must "quickly" fulfill towards Kuwait.
In a statement read out on behalf of the 15 members, Council President US Vice-President Joe Biden, called on Iraq to "quickly fulfill its remaining obligations under the relevant Chapter VII Security Council resolutions pertaining to the situation between Iraq and Kuwait".
The Council also welcomed progress made by the Governments of the two countries towards the resolution of the outstanding issues, and encouraged their further cooperation.
Iraq has still to pay compensations to the victims of the invasion of Kuwait in August 1990 by the Saddam regime, agree to the maintenance of the border posts between the two countries, account for the missing Kuwaiti and third country nationals and return the property stolen by Iraqi forces during the invasion.
The Council also welcomed Iraq's "reintegration into the region and encourages Iraq and all regional states to deepen and broaden their relationships and to conduct those relationships in a spirit of partnership and cooperation".
It reaffirmed its commitment to Iraq's independence, sovereignty, unity and territorial integrity, emphasized the importance of Iraq's stability and security for its people, the region, and the international community, and reaffirmed that no terrorist act can reverse a path towards peace, democracy, and reconstruction in Iraq.
It supported the inclusive political process and power-sharing agreement reached by Iraqi leaders to form a representative national partnership government that reflects the will of the Iraqi people, and encouraged them to pursue a federal, democratic, pluralistic and unified Iraq based on the rule of law and respect for human rights.
It welcomed the positive developments in Iraq and "recognizes that the situation now existing in Iraq is significantly different from that which existed at the time of the adoption of resolution 661 of 1990... The Council also welcomes the important progress Iraq has made in regaining the international standing it held prior to the adoption" of that resolution.
Acting under Chapter VII, the Council also adopted three draft resolutions.
By the first resolution, the Council decided to terminate on June 30, 2011, instead of later this month as originally planned, the arrangements, including immunity, for depositing into the Development Fund for Iraq (DFI) the proceeds from export sales of Iraqi oil and natural gas, as well as the arrangements for the monitoring of the Fund by the International Advisory and Monitoring Board (IAMB).
The Council also decided that this extension of arrangements and immunity for the DFI for six months, until next June 30, is the final one, after Iraq affirmed not to request any further extensions.
It finally decided that, although the proceeds from Iraqi oil and natural gas exports will not be deposited in the DFI after June 2011, five percent of those proceeds shall continue to be deposited in the Compensation Fund for the victims of the invasion of Kuwait.
It further urged the Iraqi Government to work closely with the Secretary-General to finalize the "timely and effective transition to a post-development fund mechanism" by or before June 2011.
By the second resolution, the Council decided to terminate the weapons of mass destruction, missile, and civil nuclear-related restrictions imposed on Iraq by resolution 687 of 1991.
In order to allay China's fear and convince it to vote in favour of the resolution, the Council urged Iraq to ratify the Additional Protocol to the Comprehensive Safeguards Agreement "as soon as possible," and decided to review in one year's time progress made by Iraq on its commitment to do so, and to meet its obligations under the Chemical Weapons Convention.
By the third resolution, on which France abstained, the Council requested the Secretary-General to "take all actions necessary to terminate all residual activities" of the Oil-for-Food Programme, noting that all letters of credit with outstanding claims of delivery have expired according to their terms.
The Council also authorized the Secretary-General to establish an escrow account to ensure that USD 20 million are retained from the oil revenues until December 2016, exclusively for the UN expenses related to the orderly termination of the residual activities of the Programme, including the expenses of the Office of the UN high-level coordinator for the Kuwaiti missing and property issues.
The Council further authorized the Secretary-General to ensure that up to USD 131 million are retained in the escrow account in order to provide the indemnification of the UN, its representatives, agents, and independent contractors for a period of six years with regards to all activities in connection with the Programme since its inception.
The Council meeting was attended by the Foreign Ministers of Iraq, Turkey, Japan and other high-level officials. (more) sj.mt KUNA 152021 Dec 10NNNN