Government: No risk to the Iraqi funds and was about to lift the immunity agreement with Washington

Government: No risk to the Iraqi funds and was about to lift the immunity agreement with Washington

Wednesday, May 28 / May 2014 15:10

Government-No risk to the Iraqi funds and was about to lift the immunity agreement with Washington[Baghdad – where]

The Iraqi government announced that the decision to lift the immunity of the U.S. administration of Iraqi funds in the Development Fund for Iraq as part of the agreement between the two sides.

U.S. President Barack Obama announced on Tuesday lifted the immunity of the Development Fund for Iraq, imposed by UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the fall of the former regime in 2003.

The head of the advisers in the Prime Minister Thamer Ghadban told all of Iraq [where] on Wednesday that “the decision to lift the immunity of the agreement between the two countries,” noting that “Iraq’s request to extend the immunity was repeated three years ago, the Iraqi government requests the extension for another year is done.”

He added that “the Iraqi government reassuring that there is no risk to the Iraqi funds after the lifting of immunity where it has taken all measures so.”

Anger and pointed out that the protection of the funds within the United States there is an agreement with the Iraqi government and the subject is settled either in protecting states the matter and that similar funds by the Central Bank of immunity and also the money that belongs to the Iraqi government directly also does not have any risk. ”

The President of the advisers in the prime minister, said: “The government assured the money and we assure everyone that.”

U.S. President Barack Obama, has said, according to a White House statement about the decision to lift the immunity from Iraqi funds deposited in the Development Fund, said that “under the authority vested in me as President by the Constitution and laws of the United States, including the legal authorities of the international economic emergency, as amended and emergency National, we have decided to lift the immunity granted to the Development Fund for Iraq and the private property belonging to the Iraqi government abroad, “attributing the decision to” evolution in the capabilities of the Iraqi government, to manage the consequences associated with the debt arising from the former regime. ”

Obama said that “the action will not affect the state of national emergency or immunity of the Iraqi government and its property,” noting that “all agencies of the U.S. government and directed under this resolution to take all appropriate measures within their legal authority to implement the provisions of this order.”

It is noted that the lifting of the embargo, the proceeds go back to the Development Fund for Iraq, Iraqi Central Bank, and it becomes possible for any state or company affected by the former regime in Iraq to sue U.S. courts and claim compensation caused by the system to those of the damage.

Under Chapter VII Security Council resolution, deposited imports of Iraqi oil in the Development Fund for Iraq, and the depositor, in turn, the Reserve Bank of the U.S., which used its imports for the development of Iraq under the supervision of the United Nations, with the deduction of 5% down payment of compensation Kuwait totaling nearly 52 billion dollars due to the invasion of Iraq have in 1990.

And committed the Security Council the Iraqi government in 2010 to develop a plan receiving oversight functions on the Development Fund for Iraq, the United Nations the end of the same year, the deposited later in the Treasury of the Federal American barricaded the decision of the U.S. executive would protect Iraq’s oil revenues from seizure by creditors.

The UN Security Council has voted unanimously in June of last year, the decision to remove Iraq from Chapter VII, after actively pursued by the Iraqi government to meet their debts with several countries, including Kuwait because of the actions of the former regime in Iraq.

The total debt owed by Iraq nearly 120 billion dollars, covering a large proportion of them amounts of compensation resulting from wars with neighboring countries him, a product of the only one who took him out after 8 years of war with Iran and 13 years of economic blockade and military wars with the United States and its allies. by the occupation of Kuwait. ended 2.

alliraqnews.com