This has left the United States alone as a “Super-Power” among the Five Permanent Members of the Security Council having Veto Power over all U.N. decisions. By also controlling the U.N. “purse-strings” the U.S. reasserts its authority.
On April 3, 1991, five weeks after the official suspension of the Gulf War, the Security Council voted Resolution 687, establishing Iraq’s “legal responsibility” for losses incurred as a result of Iraq’s invasion of Kuwait and the Gulf War. The United Nations Compensation Commission (UNCC) was then established as a subsidiary body of the Security Council and a special fund was created to take a percentage of Iraqi oil to pay successful claimants. Such claims would be heard by the UNCC.
In a report to the Security Council, Secretary-General Kofi Annan stated:
"the Commission is not a court or an arbitral tribunal before which the parties appear; it is a political organ that performs an essentially fact-finding function of examining claims, verifying their validity, evaluating losses, assessing payments and resolving disputed claims; it is only in this last respect that a quasi-judicial function may be involved."
On August 15, 1991, Security Council Resolution 706 authorised Member-States to import Iraqi oil for six months, up to $1.6 Billion, in order to finance the UNCC and other related U.N. operations.
On April 3, 1991, five weeks after the official suspension of the Gulf War, the Security Council voted Resolution 687, establishing Iraq’s “legal responsibility” for losses incurred as a result of Iraq’s invasion of Kuwait and the Gulf War. The United Nations Compensation Commission (UNCC) was then established as a subsidiary body of the Security Council and a special fund was created to take a percentage of Iraqi oil to pay successful claimants. Such claims would be heard by the UNCC.
In a report to the Security Council, Secretary-General Kofi Annan stated:
"the Commission is not a court or an arbitral tribunal before which the parties appear; it is a political organ that performs an essentially fact-finding function of examining claims, verifying their validity, evaluating losses, assessing payments and resolving disputed claims; it is only in this last respect that a quasi-judicial function may be involved."
On August 15, 1991, Security Council Resolution 706 authorised Member-States to import Iraqi oil for six months, up to $1.6 Billion, in order to finance the UNCC and other related U.N. operations.