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Iraq to resume payment of compensation to Kuwait

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Iraq to resume payment of compensation to Kuwait

Unread postby admin » Sat Apr 21, 2018 8:20 am

Iraq to resume payment of compensation to Kuwait

Posted, 2018/4/21 22:14

Iraq to resume payment of compensation to Kuwait

{International: Euphrates News} Iraq resumed today, paying compensation to Kuwait because of the invasion of the former regime in 1990, with the approval of $ 90 million Friday.
This is the first installment approved by the United Nations Compensation Commission since 2014, when payments have beensuspended after a tight control over large areas in Iraq.
The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed President 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 the sale of oil and Iraqi oil derivatives.
With the payment approved on Friday, the committee paid a total of $ 47.9 billion to 1.5 million complainants.

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