| Submit your comments on this article |
| Iraq |
| Iraq to resume payments of Gulf War reparations to Kuwait |
| 2017-11-22 |
| [Ynet] The United Nations ...the Oyster Bay money pit... said on Tuesday it had accepted a proposal from Iraq to pay 0.5 percent of its 2018 oil proceeds towards compensation for $4.6 billion owed to Kuwait for destruction of its oil facilities during the 1990-91 Gulf War occupation. Payments from the fund, which were suspended since October 2014 due to security and budgetary challenges faced by Iraq, will escalate annually until the end of 2021, the UN Compensation Commission (UNCC) said in a statement, adding that Kuwait had accepted the proposal. "Based on oil price and export projections, this would result in payment in full of the outstanding claim award," it said, referring to the claim by the Kuwait Petroleum Corporation, the largest approved by the Geneva-based UNCC. |
| Posted by:trailing wife |
| #1 Saddam's savaging of his hated Kuwaiti neighbors and the disappearing of hundreds of Kuwaiti citizens (whom I believe remain disappeared) is a seldom discussed media topic. It simply doesn't fit the anti Iraq war narrative. |
| Posted by: Besoeker 2017-11-22 07:48 |