Kuwaitis still getting payouts for damage of 1990 Iraqi invasion
Fifteen years after the first Gulf War, and three years after the overthrow of Saddam Hussein, a UN commission is still paying out hundreds of millions of dollars in compensation to the victims of the Iraqi invasion of Kuwait.
The latest payments, totalling $417.8m (£220m), were made yesterday to governments and oil companies for losses and damages stemming from the Kuwaiti occupation, bringing the total paid out to more than $21bn (£11bn). The total claims that have been approved run to $52bn (£27.5bn) and will take many more years to complete.
The transfers by the Geneva-based Compensation Commission are not the only hangover from the Saddam era to be funded by Iraqi oil revenues. The UN weapons inspectors, now known as UNMOVIC, have never been wound up by the Security Council and still have $114m in their coffers - despite $200m having been shifted from their escrow account in June last year into the Iraq development fund. That was only months after $9bn went missing from the development fund.
Read entire article at Independent (UK)
The latest payments, totalling $417.8m (£220m), were made yesterday to governments and oil companies for losses and damages stemming from the Kuwaiti occupation, bringing the total paid out to more than $21bn (£11bn). The total claims that have been approved run to $52bn (£27.5bn) and will take many more years to complete.
The transfers by the Geneva-based Compensation Commission are not the only hangover from the Saddam era to be funded by Iraqi oil revenues. The UN weapons inspectors, now known as UNMOVIC, have never been wound up by the Security Council and still have $114m in their coffers - despite $200m having been shifted from their escrow account in June last year into the Iraq development fund. That was only months after $9bn went missing from the development fund.