Changes

:In early July 2001, the US and the UK withdrew their joint-proposal to revamp the UN existing sanctions Regime, called “Smart Sanctions,” because of Russian, Chinese, and French opposition. The US/UK proposal attempted to restructure two key elements of the existing sanctions Regime: illicit procurement of weapons and dual-use goods and illicit generation of revenue from Iraqi oil sales outside the UN’s OFF program. In contrast, the Russian draft resolution proposed to reduce the current percentage to the Compensation fund another 5 percent to 20 percent of total value of Iraqi oil exports – and increase the total amount in Iraq’s escrow account to $600 million to pay other expenses ... The UN estimated that each 5 percent reduction in payments to the United Nations Compensation Commission (UNCC) added about $275 million in Iraq’s coffers per each UN OFF six month phase.

:In early July 2001, the US and the UK withdrew their joint-proposal to revamp the UN existing sanctions Regime, called “Smart Sanctions,” because of Russian, Chinese, and French opposition. The US/UK proposal attempted to restructure two key elements of the existing sanctions Regime: illicit procurement of weapons and dual-use goods and illicit generation of revenue from Iraqi oil sales outside the UN’s OFF program. In contrast, the Russian draft resolution proposed to reduce the current percentage to the Compensation fund another 5 percent to 20 percent of total value of Iraqi oil exports – and increase the total amount in Iraq’s escrow account to $600 million to pay other expenses ... The UN estimated that each 5 percent reduction in payments to the United Nations Compensation Commission (UNCC) added about $275 million in Iraq’s coffers per each UN OFF six month phase.

:French oil companies wanted to secure two large oil contracts; Russian companies not only wanted to secure (or lock in) oil contracts, but also sought other commercial contracts covering agricultural, electricity, machinery, food, and automobiles and trucks products...France competed with Russian agricultural products for Iraqi contracts....In May 2002, a representative from a French water purification company requested projects for his company in Iraq. The United States also wanted to secure its oil contracts and PSAs in Iraq, as was the focus of Condolezza Rice's most recent diplomatic visit to the country.

:French oil companies wanted to secure two large oil contracts; Russian companies not only wanted to secure (or lock in) oil contracts, but also sought other commercial contracts covering agricultural, electricity, machinery, food, and automobiles and trucks products...France competed with Russian agricultural products for Iraqi contracts....In May 2002, a representative from a French water purification company requested projects for his company in Iraq.  

After two years in interrogation, Saddam was hanged by the new Iraqi regime. Iraq is currently plagued by insurgents who are against the new Iraqi government's alliance with the Unites States, and have reacted violently to Iraq's new government. Their efforts have destabilized the country enough that some consider Iraq to be headed towards civil war.

After two years in interrogation, Saddam was hanged by the new Iraqi regime. Iraq is currently plagued by insurgents who are against the new Iraqi government's alliance with the Unites States, and have reacted violently to Iraq's new government. Their efforts have destabilized the country enough that some consider Iraq to be headed towards civil war.