UN Security Council Approves Iraq Sanctions Plan

20/05/2001| IslamWeb

UNITED NATIONS (Islamweb & News Agencies) - The U.N. Security Council voted unanimously on Thursday in favor of a U.S.-Russian compromise resolution that pledges to revise sanctions against Iraq within six months and extends the existing U.N. oil-for-food program for Baghdad until then.
The vote signified an unusual show of unity between Washington and Moscow, which have been feuding for years on policy over Iraq but have drawn closer since the Sept. 11 attacks on the United States.
Under the oil-for-food program, Iraq can sell oil and use the proceeds to buy food, medicine and many other supplies, an exception to the sanctions imposed in August 1990 when Baghdad's troops invaded Kuwait. But oil revenues must be deposited in a U.N. account out of which suppliers are paid.
The program, which would have expired on Friday, must be renewed every six months.