Kuwait has received another $270 million in compensation for Iraq’s 1990 invasion, the UN said Tuesday, as it aims to wrap up reparations more than a decade after Saddam Hussein‘s death.
The commission has been authorised to pay out $52.4 billion (46.8 billion euros) to individuals, corporations, government bodies and other organisations that incurred losses directly caused by the Iraqi leader’s incursion and occupation of Kuwait.
The commission was forced to halt payments between 2014 and 2018, due to a security crisis in Iraq, notably the takeover of large parts of the country by the Islamic State group.
With the latest payment, the commission said it had paid out a total of $48.7 billion, leaving $3.7 billion left to be distributed.
Those funds are tied to a single claim submitted by the Kuwait Petroleum Corporation losses in oil production and damage to oil field assets, the commission said in a statement.
Until it requested a pause in 2014, Iraq adhered to the levy, although some have questioned whether the scheme remains fair to a still-struggling nation. Hussein was ousted by another US invasion in 2003 and executed in 2006.
Millennium Hotel and Convention Centre Kuwait, a five-star luxury hotel located at the heart of Kuwait city, hosted the grand…562 Views | the publication reaches you by | Kuwait Online
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