United Nations Security Council Resolution 1956
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United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

 Security Council Resolution
United Nations Security Council Resolution
A United Nations Security Council resolution is a UN resolution adopted by the fifteen members of the Security Council; the UN body charged with "primary responsibility for the maintenance of international peace and security"....

 1956
, adopted unanimously on December 15, 2010, after recognising positive developments in Iraq
Iraq
Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....

 since the adoption of 661
United Nations Security Council Resolution 661
In United Nations Security Council Resolution 661, adopted on August 6, 1990, reaffirming Resolution 660 and noting Iraq's refusal to comply with it and Kuwait's right of self-defence, the Council took steps to implement international sanctions on Iraq under Chapter VII of the United Nations Charter...

 (1990), the Council terminated UN supervised arrangements for the Development Fund for Iraq
Development Fund for Iraq
In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq account was created at the U.S. Federal Reserve Bank of New York at the request of the Coalition Provisional Authority Administrator...

 with effect from June 30, 2011.

Resolution 1956, along with resolutions 1957
United Nations Security Council Resolution 1957
United Nations Security Council Resolution 1957, adopted unanimously on 15 December 2010, after recognising positive developments in Iraq since the adoption of 661 , the Council lifted sanctions relating to weapons of mass destruction, long-range ballistic missiles, and the acquisition of nuclear...

 (2010) and 1958
United Nations Security Council Resolution 1958
United Nations Security Council Resolution 1958, adopted on December 15, 2010, after recalling resolutions 986 , 1472 , 1476 , 1483 and 1546 on the situation in Iraq, the Council terminated the residual activities of the Oil-for-Food Programme.Resolution 1958, along with resolutions 1956 and...

 (2010), ended some major restrictions placed on Iraq. However, demands that Iraq resolve disputes with Kuwait
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...

 remained. The high-level meeting was chaired by United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 Vice President Joe Biden
Joe Biden
Joseph Robinette "Joe" Biden, Jr. is the 47th and current Vice President of the United States, serving under President Barack Obama...

.

Observations

The Security Council began by welcoming the letter from the Prime Minister of Iraq
Prime Minister of Iraq
The Prime Minister of Iraq is Iraq's head of government. Prime Minister was originally an appointed office, subsidiary to the head of state, and the nominal leader of the Iraqi parliament. Under the newly adopted constitution the Prime Minister is to be the country's active executive authority...

, Nouri al-Maliki
Nouri al-Maliki
Nouri Kamil Mohammed Hasan al-Maliki , also known as Jawad al-Maliki or Abu Esraa, is the Prime Minister of Iraq and the secretary-general of the Islamic Dawa Party. Al-Maliki and his government succeeded the Iraqi Transitional Government. He is currently in his second term as Prime Minister...

 which reaffirmed the commitment of the Iraqi government not to request further extensions of arrangements for the Development Fund for Iraq, and that revenues from oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 would be used fairly. It recalled the significant role of the Development Fund and the International Advisory and Monitoring Board
International Advisory and Monitoring Board
The International Advisory and Monitoring Board was appointed to oversee the Coalition Provisional Authority's disbursements from the humanitarian Development Fund for Iraq. When the CPA was authorized to manage the DFI by United Nations resolution 1483....

.

Acts

Acting under Chapter VII of the United Nations Charter
Chapter VII of the United Nations Charter
Chapter VII of the United Nations Charter sets out the UN Security Council's powers to maintain peace. It allows the Council to "determine the existence of any threat to the peace, breach of the peace, or act of aggression" and to take military and nonmilitary action to "restore international peace...

, the Council decided to terminate arrangements established in Resolution 1483
United Nations Security Council Resolution 1483
United Nations Security Council Resolution 1483, adopted on May 22, 2003, after recalling all previous resolutions on the situation between Iraq and Kuwait, the Council lifted trade sanctions against Iraq and terminated the Oil-for-Food Programme.The resolution was drafted by the United States and...

 (2003) for depositing proceeds from exports of petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

, petroleum products and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

 into the Development Fund for Iraq and its monitoring by the International Advisory and Monitoring Board on June 30, 2011. After this date, the arrangements would not apply, and 5 percent of the proceeds would be deposited in the Compensation Fund
United Nations Compensation Commission
The United Nations Compensation Commission was created in 1991 as a subsidiary organ of the United Nations Security Council. Its mandate is to process claims and pay compensation for losses and damage suffered as a direct result of Iraq's 1990-1991 invasion and occupation of Kuwait...

 established in Resolution 687
United Nations Security Council Resolution 687
United Nations Security Council Resolution 687, adopted on April 3, 1991, after reaffirming resolutions 660, 661, 662, 664, 665, 666, 667, 669, 670, 674, 677, 678 and 686 , the Council set the terms, in a comprehensive resolution, with which Iraq was to comply after losing the Gulf War.The...

 (1991).

The resolution called upon the Iraqi government to work with the Secretary-General towards a post-Development Fund mechanism, with a full transfer of its funds to government successor account by June 30, 2011. The Secretary-General was instructed to provide reports every six months on progess.

See also


External links

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