United Nations Security Council Resolution 705 – Iraq
Resolution 705 (1991) of 15 August 1991
The Security Council,
Having considered the note of 30 May 1991 which the Secretary-General submitted pursuant to paragraph 13 of his report of 2 May 1991 and which was also annexed to bis letter of 30 May 1991 addressed to the President of the Security Council,
Acting under Chapter VII of the Charter of the United Nations,
- Expresses its appreciation to the Secretary-General for his note of 30 May 1991;
2. Decides that, in accordance with the suggestion made by the Secretary-General in paragraph 7 of his note, compensation to be paid by Iraq. as arising from section E of resolution 687 (1991) of 3 April 1991, shall not exceed 30 percent of the annual value of its exports of petroleum and petroleum products;
3. Decides also, in accordance with paragraph 8 of the Secretary-General’s note, to review the figure established in paragraph 2 above from time to time in light of data and assumptions contained in the Secrctary-General’s letter of 30 May 199189 and other relevant developments.
Adopted unanimously at the 3004th meeting.
