WATCHING THE WORLD BUYING OIL FROM IRAQ
With Roger Vielvoye from London United Nations Sec. Gen. Javier Perez de Cuellar has taken the first--perhaps the easiest--step toward extracting war reparations from Iraq. The U.N. Security Council has agreed in principle that reparations will come from a charge on Iraqi oil exports once they resume. It asked the secretary general to establish the mechanism for financing a fund from which Kuwait and Kuwaiti companies and individuals will be compensated for war losses.