Kuwait says owed $11.2 billion in Iraq war reparations

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Last Update: Tuesday, 30 April 2013 KSA 21:54 - GMT 18:54

Kuwait says owed $11.2 billion in Iraq war reparations

Tuesday, 30 April 2013

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Kuwait has received $2.43 billion in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Guly emirate said on Tuesday.

“Kuwait received $1.3 billion in January and $1.13 billion on April 25,” the official KUNA news agency cited Compensation Claims Commission chief Khaled al-Mudhaf as saying.

Speaking before the Geneva-based U.N. Compensation Commission, Mudhaf called on Baghdad to continue to deposit five percent of its oil revenues into the fund to ensure regular payments.

Kuwait has so far received about $30 billion in war reparations out of about $41 billion decided by the U.N. compensation body established after Iraqi troops were driven out of Kuwait in 1991 following a seven-month occupation.

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Shredd

Shredd

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This is from April but it shows us that Iraq has paid 2.43 bn already this year!!!

Sure makes the remaining 11bn seem smaller!

Shredd

Shredd

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Kuwait “Still Owed $11bn from Iraq War”
Posted on 03 May 2013. Tags: Compensation, Kuwait, reparations, United Nations Compensation Commission

By John Lee.
The head of Kuwait’s Compensation Claims Commission, Khaled Al-Mudhaf, has told KUNA news agency that Iraq paid Kuwait $1.3 billion in January and $1.13 billion on 25th April, as part of the compensation due for the invasion in 1990.
Arabian Business reports that during a speech at the Geneva-based UN Compensation Commission, he demanded that Iraq continue to deposit 5 percent of its oil revenues into the compensation fund as a guarantee for future payments.
The UN compensation body ruled that Kuwait was owed a total of $41 billion; Iraq has so far handed over about $30 billion of this, leaving a balance of $11.2 billion still to be paid.
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Kuwait says owed $11.2 billion in Iraq war reparations

1 Kuwait says owed $11.2 billion in Iraq war reparations Mon Jun 17, 2013 10:06 am

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