Advertisement

World IN BRIEF : IRAQ : 50% of Oil Money Asked for Gulf Fund

Share via
From Times Staff and Wire Reports

The United States will ask the U.N. Security Council to confiscate 50% of Iraq’s future oil revenues to pay Persian Gulf War reparations instead of the 30% recommended last week by U.N. Secretary General Javier Perez de Cuellar. “We do not think that the 30% level suggested is adequate to compensate on a timely basis Kuwaitis and the others who have suffered so grievously at Iraq’s hands,” State Department spokeswoman Margaret Tutwiler said. “As a result of the damages incurred, and Iraq’s continued repressive policies, we believe the figure suggested is too low. . . .” The actual percentage Iraq must pay will be set later by the U.N. Compensation Commission’s governing council, made up of all 15 countries on the Security Council.

Advertisement