Kuwait says still owed $11bn from Iraq war

Kuwait says it has received $2.43bn in reparation payments from Iraq since the start of this year for its 1990 annexation, but is owed a further $11.2bn.

Compensation Claims Commission chief Khaled Al-Mudhaf told the official KUNA news agency that the Gulf state was paid $1.3bn in January and $1.13bn on April 25. The payments relate to Saddam Hussein’s invasion of the oil-rich nation, which culminated in the first Persian Gulf War.

During a speech at the Geneva-based UN Compensation Commission, Mudhaf demanded Iraq continue to deposit 5 percent of its oil revenues into the compensation fund as a guarantee for future payments.

After Iraqi troops were thrown out of Kuwait in 1991 following a seven-month occupation, the UN compensation body deemed that the invaded country was owed $41bn. Iraq has so far handed over about $30bn of this sum.

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Posted by: jonjon

i wonder if the UN compensation body has a fund for palestine?

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