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Iraq to resume payment of compensation to Kuwait with 90 million dollars

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rocky
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Iraq to resume payment of compensation to Kuwait with 90 million dollars

Post by rocky on Sat 21 Apr 2018, 2:58 am

Iraq to resume payment of compensation to Kuwait with 90 million dollars
April 21 2018 12:31 AM
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[rtl][rtl]Declaration of legal partnership between Iraq and Kuwait[/rtl]
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Baghdad Post
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Iraq news
 
Iraqi authorities have resumed paying compensation to Kuwait because of former President Saddam Hussein's 1990 invasion, with $ 90 million approved. 

The first installment approved by the United Nations Compensation Commission since 2014 when the payment was suspended after the control of "Daash" on large areas in Iraq. 

The UN Security Council approved the formation of the commission in 1991, the year the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait. 

The Commission decided to pay Baghdad $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait. 

The source of the funds is a tax imposed on the sale of oil and Iraqi oil derivatives. 

With the payment approved today (20 April 2018), the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.

 

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rocky
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Iraq to resume payment of compensation to Kuwait .. 48 billion dollars so far Saturday, April 21,

Post by rocky on Sat 21 Apr 2018, 3:03 am

Iraq to resume payment of compensation to Kuwait .. 48 billion dollars so far

Saturday, April 21,


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resumed payment of compensation to Kuwait over Saddam Hussein's 1990 invasion of Iraq , with $ 90 million approved. The first installment approved by the United Nations Compensation Commission since 2014, when payments were suspended after the terrorist organization "Da'ash" controlled large areas of Iraq. The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait .

The Commission decided to pay Baghdad $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait. 
The source of the funds is a tax imposed on sales of oil and Iraqi oil derivatives. 

With the payment approved, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.




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