Iraq paid Kuwait more than $51 billion in compensation for the second Gulf War
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Monday that the remaining compensation from Kuwait is 600 million dollars, indicating that these compensations will end in the first quarter of 2022 .
Saleh said in an interview with Shafaq News Agency, which was reviewed by "Al-Iqtisad News", that "the rest of Kuwait's compensation is more than half a billion and up to 600 million dollars," noting that "compensation is deducted from oil and at an amount of 3% of the value of each barrel sourced from the original source." $52.4 billion imposed on Iraq ."
Saleh added; That "the file of compensation will be closed soon and within the limits of the first chapter of the next year 2022," noting that "the completion of these compensations will close any trace and belongings of Chapter VII imposed by the Security Council on Iraq 30 years ago because of the Kuwait war ."
Saleh pointed out that "the completion of the compensation will bring to Iraq some of the money that was going as compensation to turn its annual flows for the benefit of the Iraqi economy and achieve a financial space of not less than 2 billion dollars annually, according to oil prices, to enhance the financial sustainability of the country ."