Iraq is seeking to postpone the second installment of compensation to Kuwait
Iraq is seeking to postpone the second installment of compensation to Kuwait and Aazzoa reason to war with Daash and lower oil prices
Awan / Baghdad
Confirmed Iraq, Friday, seeking to postpone the final installment of compensation Kuwait, amounting to $ 4.6 billion, and attributed the reason to cash faced because of lower oil prices and the war with Daash crisis, as he emphasized that the discussions in this subject are still ongoing with Kuwaiti officials.
He said Finance Minister Hoshyar Zebari told Reuters briefed by “time”, said that “Iraq is seeking to postpone the final installment of Kuwait, amounting to $ 4.6 billion in compensation for Iraq’s invasion of Kuwait in 1990-1991,” at the time, who faces in Iraq liquidity crisis due to low Oil prices and the war with al Daash terrorist. ”
Zebari said, “We are so far committed to pay on time, and have discussions with Kuwaiti in an attempt to defer payments for two years or one year at least to give us some time and make a realistic budget.”
Iraq had to pay about $ 52.4 billion to Kuwait through an annual allocation to the Compensation Fund of 5% of Iraqi crude oil exports to the United Nations.