$396.5 Million Paid For Iraq’s Invasion Of Kuwait
UN REPARATIONS PANEL PAYS OUT NEARLY $396.5 MILLION FOR IRAQ’S INVASION OF KUWAIT
New York, Jul 27 2006 1:00PM
The United Nations Compensation Commission, which settles the damage claims of those who suffered losses due to Iraq's 1990 invasion of Kuwait, today announced the disbursement of about $396.5 million, bringing the total paid out to date to nearly $21 billion.
With this payment, the Commission said, all claims of individuals have been paid in full for death or personal injury, for departures from Kuwait or Iraq and for property damages. Forty-nine other claims, including environmental claims, remain to be paid.
The vast majority of funds for compensation payments has come from the sale of Iraqi petroleum under the "Oil-for-Food" programme, which came to an end in 2003, and later within the scope of arrangements made under Security Council resolutions.