REMOVAL OF FINANCIAL SANCTIONS:
Official Journal of the European Union
COMMISSION IMPLEMENTING REGULATION (EU) No 88/2012
of 1 February 2012
amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic
and financial relations with Iraq
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 1210/2003 of 7 July 2003 concerning certain specific restrictions on economic and financial relations with Iraq, (1) and in particular Article 11(b) thereof,
On 2 June 2011, the Sanctions Committee of the United Nations Security Council decided to remove two natural persons from the list of persons or entities to whom the freezing of funds and economic resources should apply, with reference to paragraph 23(b) of Resolution 1483(2003) of the United Nations Security Council.
Furthermore, on 6 December 2011 the Sanctions Committee decided to remove one natural person from this list.
TO BE CONTINUED~~~
Financial Sanctions Notification
Copies of relevant Releases, certain EU Regulations, UNSC Resolutions and UK legislation can be obtained from the Iraq regime page on the financial sanctions pages of the Treasury website:
15.12.2010 UN Security Council Resolution 1956 (2010) (PDF 33KB)
Decided, amongst other matters, that after 30 June 2011 the requirement in paragraph 20 of UNSCR 1483 (2003) that all proceeds from export sales of petroleum, petroleum products and natural gas from Iraq be deposited into the Development Fund for Iraq shall no longer apply.
21.12.2009 UN Security Council Resolution 1905 (2009) (PDF 34KB)
Extended until 31 December 2010 arrangements in paragraph 20 of UNSCR 1483 (2003) for the depositing into the Development Fund for Iraq of proceeds from export sales of petroleum, petroleum products and natural gas and decided that the provisions of paragraph 22 of UNSCR 1483 (2003) should continue to apply until that date, including with respect to funds and financial assets and economic resources described in paragraph 23 of UNSCR 1483 (2009).
24.11.2003 UN Security Council Resolution 1518 (2003) (PDF 21KB)
Established a committee to continue to identify individuals and entities pursuant to UNSCR 1483 (2003).
22.05.2003 UN Security Council Resolution 1483 (2003) (PDF 58KB)
Lifted the sanctions imposed against the Republic of Iraq by UNSCR 661 (1990) and subsequent resolutions. An arms embargo remained in place.
Will look into it further.. however, I believe the arms embargo have since been lifted as well...
Introduced sanctions targeted at the funds of the previous Government of Iraq, its state bodies, corporations or agencies located outside of Iraq as of the date of the resolution, Saddam Hussein, other senior officials of the former Iraqi regime and their immediate families, including entities owned or controlled, directly or indirectly, by them or persons acting on behalf of or at their direction.
Established a Development Fund for Iraq to receive targeted funds as well as funds from the sale of oil. Funds would be disbursed at the discretion of the Coalition Provisional Authority in consultation with the Iraqi interim administration for humanitarian, reconstruction, disarmament and civilian administration purposes. The “Oil for Food” programme would be terminated six months from the date of the resolution.
14.04.1995 UN Security Council Resolution 986 (1995) (PDF 17KB)
Established the “Oil for Food” programme to provide for the humanitarian needs of the Iraqi people. Again proposed allowing the partial resumption of Iraq’s oil exports to generate revenue to buy humanitarian supplies.
02.10.1992 UN Security Council Resolution 778 (1992) (PDF 197KB)
Instructed member states in which there were unencumbered funds of the Government of Iraq, or its state bodies, corporations or agencies that represented the proceeds of Iraqi oil exported prior to 6 August 1990, but paid for by or on behalf of the purchaser on or after 6 August 1990, to transfer those funds into the UN escrow account. These funds would be used to pay for compensation and humanitarian needs.
15.08.1991 UN Security Council Resolution 706 (1991) (PDF 190KB)
Proposed that Iraq be allowed to sell a limited amount of oil to pay for reparations and humanitarian needs in Iraq. An escrow account would be set up under the administration of the UN into which revenue from the sale of oil could be paid.
02.03.1991 UN Security Council Resolution 686 (1991) (PDF 184KB)
Removed sanctions against Kuwaiti funds and assets. Demanded that Iraq met the conditions of all previous resolutions, ceased hostile actions and returned all stolen Kuwaiti property.
06.08.1990 UN Security Council Resolution 661 (1990) (PDF 180KB)
Imposed comprehensive sanctions on Iraq, including a freeze of the assets of Iraq and Kuwait. Established the 661 Committee to monitor the implementation of sanctions.
02.08.1990 UN Security Council Resolution 660 (1990) (PDF 87KB)
Stated that there had been a breach of international peace and security resulting from Iraq’s invasion of Kuwait and called for Iraqi forces to withdraw immediately from Kuwait.
You can find all PDF FILES noted above at this link: http://www.hm-treasury.gov.uk/fin_sanctions_iraq.htm