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View Full Version : Iraq “Fully Implements” Chapter VII, Oil-for-Food Program



Investors Iraq News
12-11-2017, 03:06 PM
The UN Security Council announced on Friday that all the measures imposed in its resolutions*1958 (2010) and 2335 (2016) pursuant to Chapter*VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented.
Unanimously adopting resolution*2390 (2017), the Council welcomed the fact that the remaining funds in the escrow accounts established pursuant to resolution*1958 (2010) had been transferred to the Government of Iraq pursuant to resolution 2335*(2016).
The Council acknowledged the Secretary-General’s final report on the matter (document*S/2017/820), which stated, among other things, that the remaining $14,283,565 in the administrative escrow account had been transferred to Iraq.
Following the adoption, Amy Noel Tachco (United States) applauded Iraq’s complete implementation of measures under the oil-for-food programme, although the country still faced many challenges.* She looked forward to close cooperation internationally and bilaterally in support of Iraq as a federal, democratic and prosperous country.
Resolution
The full text of resolution*2390 (2017) reads as follows:
“The Security Council,
“Recalling its resolutions 1958 (2010) and 2335 (2016),
“Acknowledging receipt of the final report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2335 (2016), S/2017/820,
“1.** Welcomes the implementing arrangements entered into by the Secretary-General and the Government of Iraq as requested in paragraph 7 of Security Council resolution 1958 (2010);
“2.** Also welcomes that the remaining funds in the escrow accounts established pursuant to paragraphs 3–5 of Security Council resolution 1958 (2010) have been transferred to the Government of Iraq pursuant to Security Council resolution 2335 (2016);
“3.** Concludes that all the measures imposed by the Security Council in resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations have been fully implemented by the parties.”
(Source: UN)






Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2017/12/11/iraq-fully-implements-chapter-vii-oil-for-food-program/)

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