Announcement of the approval of the United Nations to reduce the compensation of Kuwait
Deputy Prime Minister, Sunday, Iraq’s access to the “green light” from the United Nations; to reduce the amounts of compensation ratios invasion of Kuwait from 5% to 2 or 3% of the proceeds of Iraqi oil exports.
Said Rose Nuri Shaways, said that “Iraq got the green light from the United Nations to reduce the rates of the amounts of compensation invasion of Kuwait of 5 percent to 2 or 3 percent of the revenues of Iraqi oil exports,” noting that “this is important, but will prolong repayment period, which is the coming to an end soon. “and reduce the UN Security Council more than once ratio, which was deducted from the proceeds of the sale of oil and gas in Iraq to be directed to a compensation fund of 30% as set out originally to 5% currently.
Shaways said “Iraq’s money legally covered properly which makes them immune from prosecution creditors, especially after the agreements made in this regard with the Development Fund for Iraq, which save, and the decision of UN all the oil sales revenues, They protect renewed annually is that it will end next year.
“and expressed the UN Secretary General” Ban Ki-moon “last July satisfaction with Iraq’s cooperation with the United Nations Compensation and continued Baghdad perform five per cent of oil revenues to compensate victims of the Iraqi invasion of Kuwait in 1990 likely complete compensation early 2015.,
the Iraqi government, announced on Saturday, with regard beside another award; they would not be paid compensation agreed for the Kuwait Airways Corporation before it fell recent call judicial against Iraqi Airways.
said Secretary General of the Iraqi Council of Ministers on the Keywords, in a press statement seen by “Twilight News” that “Kuwait should fall claims in international courts against Iraqi Airways.” It is estimated that the total amount of compensation paid by Iraq so far about 4.36 billion dollars and left a total of $ 16 billion to be paid. . Estimates indicate that this amount will be paid in full by early 2015.