Kuwait « Jerusalem Arab »: Kuwait has confirmed that the remaining amounts of the value of the compensation for the loss of the Iraqi invasion is estimated at 7.5 billion dollars, after receiving 19.1 billion dollars in July 24 last for up to pay compensation to its final stages.
The head of the Board of Directors of the Public Authority for Assessment of Compensation for Losses from Iraqi Aggression, Khaled Ahmad Al-Mudhaf on Thursday at the opening of the session 78 of the UN Commission for compensation for the loss of Iraqi aggression that «to promote the further Kuwait receipt of these payments depends on the continued flow of resources into the Compensation Fund in accordance with the resolutions of the Council relevant Security ».
He added: «Kuwait stresses the need to continue filing regular in the Compensation Fund for five percent of the proceeds from all export sales of Iraqi oil, petroleum products and natural gas, according to UN Security Council Resolution 1956 as well as five percent of the value of any payments other than cash for oil and petroleum products and natural gas ».
He said «Kuwait recognizes Iraq's commitment to continuous and this replaces our appreciation and respect» As also stresses «the importance of continuing to maintain a transparent mechanism to ensure scrutiny of the amounts transferred to the Compensation Fund as the continuation of the deposit of such amounts in the Compensation Fund will bring us closer all of the final completion of the task of the Board of Directors regarding the payment of full compensation approved by the Council of the State of Kuwait. »
He pointed to the need to be reminded that «ensure the payment of the remaining amounts owed to Kuwait is the responsibility of the Board of Directors in accordance with its primary functions and this should not be on the United Nations Commission for compensation of its efforts to shrink until it is repaid in full the amounts». It also pointed to the Governing Council decision No. 252 on claims (competing Dual), which calls to recover the overpayment from the final payments to Kuwait, adding that «the Kuwaiti government approved plans to pay the full amount is recovered in the near future rather than deducted from the final payments».