World IN BRIEF : IRAQ : 50% of Oil Money Asked for Gulf Fund
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.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.