TNT Members: "Iraq Announces Exit from Chapter 7" 2-22-22
TNT:
Pearle: rv there yet?
RVAlready: I think they will keep this wrapped in heavy smoke and mirrors. We will probably only see it some days after it is done.
Yada: I don’t know about that RValready. This is mostly digital in nature such went it does change, it will hit all the markets and central banks instantly. It will be seen right away.
Tishwash: Iraq announces its exit from Chapter VII procedures….Kuwait congratulates Iraq on its exit from Chapter VII procedures
RVAlready: Great news!!! This ends US direct control of the RV. However, US still holds controlling vote in the IMF.
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Tishwash: The Security Council Ends The Mandate Of The Committee To Follow Up On Iraq's Compensation To Kuwait
The United Nations mission in Iraq announced today that the Security Council has issued a resolution to end the mandate of the Special Committee to follow up on Iraq's compensation to Kuwait.
And UNAMI stated in a tweet on its Twitter page, and followed by “Earth News”: “A historic landmark for the people of Iraq today, the United Nations Security Council ends the mandate of the Compensation Committee regarding Iraq’s compensation to Kuwait.”
And she added, "Iraq is to be commended for its great cooperation in fulfilling its obligations and showing good neighborliness."
And the Minister of Foreign Affairs, Fuad Hussein, announced, earlier today, that Iraq had exited the procedures of Chapter VII after paying all the debts it owed to Kuwait.
text translation
Historic Milestone for the People of Iraq Today: The United Nations Security Council ends the Compensation Commission's mandate regarding Iraq's reparations to Kuwait. Iraq deserves to be commended for its great cooperation in fulfilling its obligations and showing good neighborliness.
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Tishwash: The Minister Of Foreign Affairs Announces Iraq's Exit From Chapter VII Procedures
The Minister of Foreign Affairs, Fuad Hussein, announced today, that Iraq has exited from Chapter VII procedures after paying all the debts it owed to Kuwait.
Hussein said in his speech before the Security Council, and followed by “Earth News”, that “Iraq today turns an important page of its history that lasted for more than thirty years. Today begins a new page of Iraq’s diplomatic, political and economic history that enhances its regional and international role.”
He added, "There are clear indications that Iraq has fulfilled all its international obligations under the relevant Security Council resolutions, as it paid the last payment in accordance with its financial obligations and paid the full amount of compensation due to it, which is (52.4) billion US dollars, and is no longer required to pay any additional amounts of money in the future. or dealing with Chapter VII procedures.”
And he indicated that "the Iraqi government confirms that working with the United Nations Compensation Committee and your esteemed council was a successful model for multilateral work and enhances confidence in international mechanisms and procedures in settling crises, as Iraq continued to fulfill these obligations fully in accordance with the timetables and percentages approved by the Compensation Committee despite the difficult circumstances that have passed. It will take its role at the forefront of the world’s countries to confront the terrorist gangs of ISIS and recover cities from the organization’s control.”
He pointed out that "the Government of Iraq considers the full fulfillment of its international obligations towards the international community and the sisterly State of Kuwait as a major development that would strengthen Iraq's relations with its regional and international surroundings, and Iraq sought to complete this unique model of work, international effort and joint cooperation under the frameworks and mechanisms of the nations." United".
And he added, "Iraq, through its full fulfillment of its international obligations, highlighted an international legal and moral obligation on the international community and the United Nations, which is to remove Iraq from all Chapter VII procedures, preserve Iraq's rights and money and its international legal entitlements, and protect it from any future claims within the framework of the international effort led by the United Nations."
Your Excellency Mr. Vasily, President of the Security Council, Your
Excellencies the distinguished members of the Council , may the
peace, mercy, and blessings of God be upon you…
I have the honor to begin my speech as a representative of my country, by congratulating the State of the Russian Federation for assuming the presidency of the Security Council for the month of February, wishing the Permanent Representative of Russia success in this endeavor. the mission.
I also extend my thanks and gratitude to the Kingdom of Norway for assuming the duties of managing the presidency of the Security Council for the past month.
As well as thanks and gratitude for the briefing given by the Chairman of the Board of Directors of the United Nations Compensation Commission.
Mr. President…
Today, Iraq turns an important page of its history that lasted more than thirty years, and a new page begins in Iraq’s diplomatic, political and economic history, a page that strengthens its regional and international role in proportion to its history and cultural weight on the map of the region and the world, as an effective state consistent with the aspirations and goals of the international community Iraq seeks to strengthen cooperation frameworks with the international community, led by the United Nations, considering that Iraq is one of the founders of this organization and the signatories to its charter on October 14, 1945, and in order to restore its role as an effective and responsible member of the international community.
Mr president …
According to the final report issued by the United Nations Compensation Commission, and the briefing given by the Chairman of the Committee's Board of Directors, and the clear indications it contained on Iraq's fulfillment of all its international obligations under the relevant Security Council resolutions, Iraq has paid the last payment in accordance with its financial obligations and paid in full. The amount of compensation owed by him, which is (fifty-two point four) billion dollars, through the United Nations Compensation Committee, which was distributed to (one point five million) claim from all categories of claims, and according to what was stated in that, and the wording of the paragraphs of the Council’s resolution was approved The security approved in this session, and as a reminder of all relevant Security Council resolutions, the Compensation Committee has fulfilled its mandate in full, and has completed consideration of any future claims on the issue of compensation, and Iraq is no longer required to pay any additional sums of money in the future, or deal with Chapter VII procedures.
In this context, my country's government affirms that working with the United Nations Compensation Commission and your esteemed council has been a successful model for multilateral action, a model that enhances confidence in international mechanisms and procedures in settling the crises that have afflicted and afflicted our world until today, and through this international mechanism and out of respect Iraq has fulfilled its obligations under the relevant Security Council resolutions and fully assumed its responsibilities, Iraq continued to fulfill these obligations in full in accordance with the timetables and percentages approved by the Compensation Committee, despite the difficult circumstances that Iraq experienced in the previous years of bearing the burdens and economic costs of fighting terrorism and taking its role at the forefront of the countries of the world To confront the terrorist gangs of ISIS and recover the cities from the organization’s control, the costs of the programs to return the internally displaced to their cities, the programs to restore stability, services, provide aid and the costs of reconstruction, which were accompanied by a significant decrease in the prices of global oil sales.
In this regard, the Government of Iraq considers the full fulfillment of its international obligations towards the international community and the sisterly State of Kuwait, as a major development that would enhance Iraq's relations with its regional and international surroundings, as well as the Iraqi-Kuwaiti historical relations, and move them to broad future horizons based on trust and equal bilateral relations. .
Mr president …
Iraq has sought to complete this unique model of work, international effort and joint cooperation under the frameworks and mechanisms of the United Nations, through its full fulfillment of its international obligations, which in turn highlighted an international legal and moral commitment to the international community and the United Nations, which is to remove Iraq from all procedures of Chapter VII, and to preserve Iraq’s rights, funds and international legal entitlements, and its protection from any future claims within the framework of the international effort led by the United Nations, based on the Charter of the United Nations, the rules of international law and the general principles of international law in justice and equity, which enhances confidence in these UN mechanisms. This is what we were keen to confirm and defended hard to include it in the UN Security Council resolution in cooperation with the (British) pen holder and the rest of the Security Council members. As this international effort will not have completed its success until after Iraq's legitimate demands are embodied and included in the UN Security Council resolution.
Mr. President…
My country’s government confirms, in light of the historical and legal vision that we have presented, that Iraq is looking forward in this regard and of great importance, for your esteemed council to assume its historical responsibilities, so that closing this file will reflect positively on Iraq in its regional and international relations, specifically with neighboring countries. Continuity is the lesson of matters in their conclusions, meaning that the success of work is always measured by its conclusions, results, outputs and positive repercussions on peoples and countries.
In conclusion… Allow me, Mr. President, to express our thanks and appreciation to you and the other members of the Council, and to the pen-holder, the esteemed British mission, which engaged in intensive negotiating rounds with the Iraqi mission, and to all the friendly countries that provided support to my country to overcome this historical era that was bitter for me. The peoples of the region, as well as our thanks and appreciation to the State of Kuwait, the leadership and people.
We congratulate the Iraqi people and their government for the termination of these international obligations, and for Iraq’s exit from the procedures of Chapter VII, and we extend our thanks and pride to those in charge of Iraqi diplomacy, especially the permanent Iraqi mission in New York for its tireless efforts in negotiations to include Iraq’s legitimate demands in the resolution, wishing continued prosperity, prosperity and progress for the people of Iraq and the peoples of the region and the world.
Thank you, Mr. President. link