All economic sanctions against the former Hussein regime should be lifted, period. Punishing the people of Iraq simply makes no sense. With that in mind, and knowing that we are going to have to do something to appease the treacherous French, this seems to be a reasonable compromise:
The resolution would allow for a partial payout of the existing $10 billion in approved contracts for food, medicine and industrial goods authorized by the United Nations before the war. It also would allow for a United Nations special representative who would act as a nominal partner in the political reconstruction of Iraq, Security Council diplomats said today.
The two moves seem designed to solicit Russian and French support