Iraq fulfilled its obligations.. The UN committee supervising compensation for Kuwait ends its mandate

Iraq fulfilled its obligations.. The UN committee supervising compensation for Kuwait ends its mandate

2022-02-10 07:39

Iraq fulfilled its obligations.. The UN committee supervising compensation for Kuwait ends its mandateShafaq News/ The United Nations Compensation Authority announced on Thursday that Iraq has completed paying $52.4 billion to compensate individuals, companies and governments for the damages of the 1990 invasion and occupation of Kuwait.

overall; About 2.7 million claims have been filed, with a confirmed value of $352.5 billion, but the UN Compensation Commission has agreed to pay $52.4 billion covering 1.5 million successful claims.

The largest claim approved by the UN Compensation Commission was $14.7 billion in damages to the Kuwait Petroleum Corporation (KPC) in which departing Iraqi forces set oil wells ablaze.

Payments were suspended between October 2014 and April 2018 due to the Iraqi government’s security and budgetary problems in its fight against Islamic State militants.

“With the final payment of compensation made on January 13, 2022, all compensation awarded by the commission has now been paid in full,” the Geneva-based body said in a statement following a closed-door meeting of its board of directors.

She added that “the government of Iraq has fulfilled its international obligations to compensate all the claimants who were awarded compensation by the committee for the losses and damages they incurred as a direct result of Iraq’s illegal invasion of Kuwait.”

shafaq.com