Kuwait receives 990 million dollars in compensation for the invasion of Iraq
Kuwait receives 990 million dollars in compensation for the invasion of Iraq
Thursday, April 24th, 2014 16:47
BAGHDAD / translation Baghdadi News / .. paid to the Compensation Committee of the United Nations the amount of 990 million dollars to Kuwait to settle claims for damage caused by Iraq’s invasion of Kuwait in 1990, according to Mazkrth, on Thursday, the Associated Press.
However payments Thursday amount mentioned was the total compensation paid so far to the Government of Kuwait to $ 45.5 billion.
The committee said that “these payments come in the direction of resolving the claim KPC production and sales losses resulting from damage to the oil fields of Kuwait during the Iraqi invasion of the country.”
The committee said that “there are approximately 6.9 billion dollars remaining for payment of the total amount of 14.7 billion dollars in the largest compensation paid by the Commission.”
The Committee, which was founded in Geneva by the UN Security Council of the United Nations in 1991 and funded by a tax of 5 percent on sales of Iraqi oil exports, making these payments every three months. Finished / 21 GS
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