Wednesday, January 12, 2011

Kuwaiti PM visits Baghdad

"Iraq rolled out the red carpet on Wednesday for a historic visit by the Kuwaiti prime minister, the first high-level Kuwaiti official to travel to Baghdad since Saddam Hussein’s regime invaded the neighboring emirate two decades ago.

...Iraq last month achieved a major victory when the UN Security Council, spurred by the United States, agreed to lift Chapter 7 sanctions imposed after the 1990 invasion. Under those sanctions, which declared Iraq a threat to international security, Baghdad did not have control of its own oil revenue.

Most countries have forgiven debts incurred by the previous Iraqi regime but Kuwait maintains that Iraq needs to pay more than $20 billion more in war reparations."

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