Iraq paid more than a billion dollars as part of the compensation of the former regime's invasion of Kuwait

23/01/2014 16:39


Follow-up - and babysit -

United Nations announced that pushed Iraq meal of the new financial compensation to Kuwait following the invasion of the former regime in 1990.

According to a statement of the Compensation Commission internationalism said Thursday that "the value of the compensation amounting to one billion and 300 000 dollars to Kuwait, bringing the total compensation paid by Iraq to Kuwait to forty-four billion and 500 000 dollars."

The statement added that "this money has gone to compensate former settlement has not been fully repaid," indicating that "the compensation paid to businesses and individuals affected batches every three months."

The UN Commission showed that "Iraq remains for the payment of another $ 7.8 billion within this compensation, which has a range of $ 14.7 billion, the largest compensation adopted by the Committee."

The foundations of the UN Security Council this Committee, based in Geneva, in 1991 and is financed by imposing a five percent tax on exports of Iraqi oil deposited with the United Nations Foundation in compensation for losses caused by the invasion of Kuwait Oil of the former regime of Kuwait and the Kuwaiti oil fields burned.

The chairman of the Kuwaiti Public Authority for Assessment of Compensation for the invasion of Kuwait Khalid Ahmed had said recently that the remaining amount of the compensation is estimated at 8.899 billion dollars to Kuwait will you receive quarterly payments until the full repayment of the amounts of compensation


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Outstanding award amounts (US $) is $ 7,869,324,488



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