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To: Stewart Whitman who wrote (38005)	2/23/1999 8:24:00 AM
From: Evan Dimmer	Respond to of 95453

Things are heating up in Iraq...cooling down in the NorthEast...and Oil futures up .17 overnight....could this finally be an up day? Iraq bans trade with some Western companies-paper BAGHDAD, Feb 23 (Reuters) - Iraq has banned trade with U.S., British, Japanese and Swiss companies under its so-called ''oil-for-food'' deal with the U.N., an Iraqi newspaper reported on Tuesday. ''Instructions concerning the implementation of the memorandum of understanding banned dealings and contracting with companies of American, British, Japanese and Swiss origins,'' the weekly economic newspaper al-Ittehad said. The paper gave no reason for the move but it said special committees had been set up from each ministry to follow the new measures. Ittehad listed companies from 33 countries that the Iraqi government had allowed its ministries to conclude deals with under the oil pact which allows Baghdad to sell $5.26 billion worth of oil to buy humanitarian goods for the Iraqi population. These include countries like Russia, France, China and other Western and Arab states including Saudi Arabia which Baghdad had been accusing of plotting against it. Kuwait is excluded from the list. Earlier this month, Iraq had barred goods that bear the U.S. flag from entering the country. The United States and Britain carried out four days of air attacks against Iraq in December, the most severe since the 1991 Gulf War over Kuwait in which U.S.-led coalition ended a seven- month occupation of the emirate by Iraq. Baghdad also accused Japan of siding with Washington and London in their efforts to keep the U.N. sanctions imposed for Iraq's 1990 invasion of Kuwait in place.