Iraq to resume payment of compensation to Kuwait .. 48 billion dollars so far

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Iraq to resume payment of compensation to Kuwait .. 48 billion dollars so far

Post  Admin on Sat Apr 21, 2018 8:54 am


62 2018-04-21

Iraq has resumed payment of compensation to Kuwait, due to the decision of former President Saddam Hussein to invade in 1990, with the approval of $ 90 million.

The first installment approved by the United Nations Compensation Commission since 2014, when payments were suspended after the terrorist organization "Da'ash" controlled large areas of Iraq.

The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.

The Commission decided to pay Baghdad $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.

The source of the funds is a tax imposed on sales of oil and Iraqi oil derivatives.

With the payment approved, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.

http://burathanews.com/arabic/economic/331430

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