Kuwait agrees to transfer the remainder of the compensation to the investment
The State of Kuwait has agreed to convert the remainder of the amount of compensation the financial implications of the former regime’s invasion of Kuwait to investments in a number of provinces, as proclaimed by the United Nations Mission in Iraq (UNAMI).
The Head of Mission Representative of the Secretary-General of the United Nations, Martin Kobler in a press statement released on Monday, and received PUKmedia , a copy of which, that “Kuwait has agreed to convert the remainder of the amount of compensation owed by Iraq by the invasion of the territory of 1990, to investments in Basra and a number from other Iraqi provinces. “
The UN Security Council imposed on Iraq after the invasion of the former regime of Kuwait, a number of international sanctions under Chapter VII of the Charter of the United Nations, including obliging him to pay financial compensation to Kuwait.