********** Kuwait is ready to postpone Iraq's $ 4.6 billion in compensation

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********** Kuwait is ready to postpone Iraq's $ 4.6 billion in compensation

Post  Admin on Tue Apr 25, 2017 4:57 am

Kuwait on Tuesday expressed its readiness to consider future options aimed at ensuring that Iraq continues to pay US $ 4.6 billion in compensation for war losses between the two countries in 1990.

"The State of Kuwait reacted positively to the decision taken by the Governing Council of the United Nations Compensation Commission (UNCC) at its 81st session on November 2," Khalid Ahmed al-Mudhaf, chairman of the General Authority for the Assessment of Compensation for War Losses between the two countries, said in a statement. 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options to ensure that this amount will continue to be paid in favor of Kuwait. "

Al-Mudhaf pointed out that "during the special session called for by the Governing Council in December 2014, Kuwait had supported Resolution 272 (2014) by which the brothers in Iraq were requested to defer payment of payments due to difficult economic and security conditions."

"The Governing Council of the United Nations Compensation Commission adopted resolution 273 (2015), which also deferred Iraq's international obligations to deposit five percent in the Compensation Fund for an additional year until 1 January 2016, given the continuing security and economic conditions in Iraq."

He added that "the State of Kuwait supported for the third time the request of brothers in Iraq in the 81st session on 2 November 2016, which postponed the resumption of the deposit of five percent in the Compensation Fund for another year until January 1, 2018 because of the continuing security and economic situation in Iraq."

"Kuwait, while stressing the importance of continuing the functions and role of the United Nations Compensation Commission and also stresses the importance of completing the responsibilities of the Governing Council in accordance with the decisions of the Security Council and the decisions of the United Nations Compensation Commission, it understands at the same time the security and economic conditions in Iraq, With all the previous requests for postponement demanded by the brothers in Iraq. "



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