Iraq Still Owes Kuwait $11.2 Billion in War Reparations

Agence France Presse (AFP)06.05.2013 KSA
Iraq Still Owes Kuwait $11.2 Billion in War Reparations

Iraq Still Owes Kuwait $11.2 Billion in War Reparations

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Kuwait has received $2.43 billion in war reparations from Iraq since the start of the year and is still owed another $11.2 billion, a senior official in the Gulf emirate said.


“Kuwait received $1.3 billion in January and $1.13 billion on April 25,” the official KUNA news agency cited Compensation Claims Commission Chief Khaled al-Mudhaf as saying.

Speaking before the Geneva-based U.N. Compensation Commission, Mudhaf called last week on Baghdad to continue to deposit 5% of its oil revenues into the fund to ensure regular payments.

Kuwait has so far received about $30 billion in war reparations out of about $41 billion decided by the U.N. compensation body established after Iraqi troops were driven out of Kuwait in 1991 following a seven-month occupation.

Source: AFP; KUNA

 
 

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