********* The report from the UNCC meeting Dec. 18 2014

http://www.uncc.ch/sites/default/files/attachments/Press%20release%20-%2014th%20Special%20Session.pdfPR/2014/9

United Nations agree to postpone the payment of the Iraqi reparations to Kuwait


Editor Ali Jassim, Ammar al-Kazim - Thursday 18 December 2014 17:40



Alsumaria News / Baghdad
Committee announced the United Nations Compensation Commission, on Thursday, their consent to request Iraq to postpone the deposit of 5% of its oil revenues in compensation to Kuwait from the Gulf War , indicating that the delay will be for a period of one year, with Ezzat reason accept a delay to effect the payment of compensation for the time being on the Iraqi economy As a result of lower oil prices and the war against al " Daash . "

The Legal Committee supervising Leah Kraft said in an interview reported by " Reuters "The" Fund of the United Nations for Gulf War reparations and agreed to Iraq's request to postpone the deposit of 5% of its oil revenues in compensation to Kuwait for a year because of the difficulties faced by the budget. "

Kraft added that "the powers that control the compensation fund has taken a decision and approved it unanimously because of the impact on the Iraqi economy as a result of lower oil prices and the war against al-Daash."

Kraft explained that "the Board of Directors decided to approve the deferral of payments to the first of January 2016," pointing out that "The Council expressed its solidarity with Iraq and the desire to help him as much as possible."

The United Nations, announced on Wednesday (December 17, 2014) that Iraq is "officially" asked to postpone the payment of $ 4.6 billion of Gulf War reparations to Kuwait for a year, while suggesting that it would consider the formal request special session on Thursday.

And announced that the Kuwaiti Ministry of Foreign Affairs, on Thursday (18 December 2014), agreeing to the request of Iraq on the postponement of the payment of the last batch of the Gulf War reparations, as pointed out it will be discussed demand tomorrow in Geneva by the International Commission responsible for compensation for a decision.

Detection and Finance Minister Hoshyar Zebari, in (12 December 2014), Iraq sought to postpone the final installment of compensation Kuwait, amounting to $ 4.6 billion, on the back of liquidity crisis faced due to lower oil prices and the war with "Daash," while a senior official in the Commission confirmed Compensation that any change in the date of the compensation requires the approval of the Compensation Committee of the UN Security Council.


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Ban Ki-moon welcomed the decision to postpone the Iraqi reparations to Kuwait and calls on the international community to assign Iraq


Author: BS, HAA
Editor: AR, BS
12/19/2014 16:38



Long-Presse / Baghdad

Welcomed the Secretary-General of the United Nations Ban Ki-moon, on Friday, the Council of the United Nations Compensation Fund Management's decision to support Iraq's request to postpone the payment of its obligations to deposit 5% of its oil revenues in the Compensation Fund until January 2016, and as expressed solidarity with the Government and the people of Iraq who are facing crises security sharp and humane, encouraged the international community to expand their cooperation and support over Iraq at this critical time.

He said Ban Ki-moon said in a statement received (long-Presse) a copy of it, that he "welcomes the Council of the United Nations Fund for compensation decision to support the request made by the Iraqi government to postpone the payment of Iraq's obligations to deposit 5% of its oil revenues in the Compensation Fund until January 2016.

He stressed Ban Ki-moon in his "strong solidarity with the Government and people of Iraq who are facing at the moment, security and severe humanitarian crisis."

He encouraged Ki-moon, "the international community, including the countries of the region to continue to increase the prospects of cooperation with Iraq and support at this difficult time," and expressed "gratitude to the Government of the State of Kuwait for its support of accepting the request of the Iraqi government."

The members of the Kuwaiti reparations by the United Nations, have voted on Thursday (18-12-2014), unanimously to postpone the date of payment of the amount of damages resulting from the Iraq for one year due to the financial crisis faced by the country's budget for this year and the organization (Daash).

The United Nations revealed on Wednesday (17-12-2014), for Iraq's claim to postpone the payment of compensation arising from the Gulf War to Kuwait, amounting to four billion and $ 600 million, for a period of one year, indicating that it would consider the request special session, in light of the possibility of Kuwait to accept the Iraqi request.

It is noteworthy that the Finance Minister, Hoshyar Zebari revealed, (12 December 2014) the current, Iraq sought to postpone the final payment of compensation Kuwait amounting to $ 4.6 billion, on the back of liquidity crisis faced due to lower oil prices and the war with (Daash).

The First Deputy Prime Minister of Kuwait, Foreign Minister, Sheikh Sabah Al-Khalid, announced in (16 December 2014) the current, all responded country with Iraq, which is facing "serious challenges", on the postponement of the final payment of the compensation, it is "without prejudice to the decisions The UN Security Council. "

The President of the Iraqi Council of Ministers, Haider al-Abadi, intends to visit Kuwait in the next few days, in the framework of the Government intention to open a new page with the neighboring countries, and to mobilize support against al (Daash).


http://www.almadapress.com/ar/news/41317/بان-كي-مون-يرحب-بقرار-تأجيل-التعويض