Economist: We Will Achieve $3 Billion Annually After Closing The Kuwait Compensation File
Economist: We Will Achieve $3 Billion Annually After Closing The Kuwait Compensation File
2022/02/28 | 9:20 AM
The Information/ Baghdad…
The economic expert, Dr. Safwan Qusay, confirmed that Iraq will achieve annually an amount of 3 billion dollars after completing the file of Kuwait’s compensation, pointing out that the possibility of Iraq heading to claim compensation for the damages it sustained as a result of the American war in 2003.
Qusay told / The information /, that “the process of Iraq’s exit from Chapter VII allows controlling all oil revenues after 3 percent of the revenues went as compensation to Kuwait, and currently it is possible to achieve 3 billion dollars annually according to today’s price as revenue for the treasury.”
He added, “After Iraq has complied with the resolutions of the United Nations and the Security Council and compensated Kuwait, it is possible that we will have claims through the Ministry of Foreign Affairs to invest in the UN Security Council resolution in 2003 because it did not authorize America to enter Iraq and it was a departure from the international framework.”
And he indicated that “the Russian representative in the Security Council demanded that Iraq demand its rights as a result of the entry of US forces into Iraq in 2003, and the damage it caused to the Iraqis, especially since the US forces did not withdraw from Iraq directly after 2003.” finished/ 25
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