********** Iraq approached Washington to re-billion and 90 million dollars to pay for the compensation committee of Kuwait

BAGHDAD / newspaper rectitude - Ministry of Finance announced it Stphath together with the Central Bank of Iraq, the US Federal Reserve to restore the amount of one billion and $ 90 million paid to the Committee of Kuwaiti reparations.

According to a statement of the ministry received (newspaper rectitude) a copy of which he "met in Geneva on Thursday, the Council of the Compensation Committee of the United Nations to discuss Iraq's request to postpone payment of $ 4.6 billion during 2015 and begin to pay them after a year, and that the enormous pressures on the budget in 2015 and the expenses of the war and confrontation growing against al Daash terrorist. "

He added that "the Board of Directors decided unanimously and with the consent of the State of Kuwait to postpone the payment of the amount of damages the remainder of the year, which is 5% of the deductions Iraqi oil sales," stressing that "Iraq's commitment to the full payment of the amount of damages remaining to close this file once and for all."

Alaaan pointed out that "the government and the Foreign Ministry have carried out recently about the movements of Iraqi demand, as the Ministry of Finance intensive contacts with all the parties and the Kuwaiti internationalism and with members of the Compensation Committee."

He pointed out, "is due to the Ministry of Finance and the Central Bank of Iraq approached the Fed begins to restore the amount of one billion and ninety million dollars has been paid to the Compensation Committee on the fiscal year 2015".

It welcomed the Finance Ministry in a statement, "the position of the State of Kuwait and Kuwait highly appreciates the decision of the leaders of brotherly and humanitarian to help their brothers in Iraq."

The "Under the Kuwaiti Ministry of Foreign Affairs Khaled Al-Jarallah said in 17 of the country this month to accept Iraq's request to postpone the last payment of compensation owed ​​to Kuwait in accordance with UN Security Council resolutions, amounting to $ 4.6 billion.

The United Nations agreed last Thursday on Iraq's request to postpone the amount paid the final installment of compensation to Kuwait for a period of one year.

Iraq and pay rate of five percent of the revenues from oil and natural gas to the Compensation Fund of the United Nations as compensation for material losses caused by the Iraqi regime's invasion of Kuwait in 1990.


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