UN: (23/12/2008): The UN Security Council has passed a resolution to stop foreign governments, companies or individuals seeking compensation from Iraq during 2009.
Iraqi Foreign Minister Hoshyar Zebari said claims would be settled in due course, but that Iraq needed protection while its economy remained fragile.
Kuwait is among those expected to ask for reparations for damage caused by Iraq during Saddam Hussein’s rule.
Iraq‘s assets are currently shielded by a resolution which expires next week.
The resolution also gave a mandate to US-led multi-national forces in the country. However, the mandate is set to be replaced by separate agreements between Iraq and the individual countries concerned.
The US and British-drafted resolution, passed unanimously by the Security Council on Monday, seeks to protect during the next year a special, internationally-administered development fund for Iraq, which holds more than $20bn (£13.5bn) of its oil revenues.