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Kuwait gets $1bn in Iraqi reparation: UN
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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Kuwait gets $1bn in Iraqi reparation: UN
26 Jan 2012
Kuwait gets $1bn in Iraqi reparation: UN
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GENEVA, Jan 26, 2012 (AFP) - The United Nations released $1.02 billion (774 million euros) in Iraqi compensation to Kuwait on Thursday in the latest payment of a war reparation scheme that began in 1994.
The payment brings the total compensation paid over Iraq's invasion and occupation of Kuwait to $35.4 billion. A further $17 billion is due.
The UN Compensation Commission was created in 1991 as a subsidiary organ of the UN Security Council.
Its mandate is to process claims and pay compensation for losses and damage suffered as a result of the invasion of Kuwait that year by Saddam Hussein's regime.
Iraq is required to put five percent of its oil and gas revenues into the reparations fund.
lc/apo/fz
http://ae.zawya.com/story.cfm/sidANA20120126T113048ZFVI53/Kuwait_gets_1bn_in_Iraqi_reparation__UN
Kuwait gets $1bn in Iraqi reparation: UN
Text size
GENEVA, Jan 26, 2012 (AFP) - The United Nations released $1.02 billion (774 million euros) in Iraqi compensation to Kuwait on Thursday in the latest payment of a war reparation scheme that began in 1994.
The payment brings the total compensation paid over Iraq's invasion and occupation of Kuwait to $35.4 billion. A further $17 billion is due.
The UN Compensation Commission was created in 1991 as a subsidiary organ of the UN Security Council.
Its mandate is to process claims and pay compensation for losses and damage suffered as a result of the invasion of Kuwait that year by Saddam Hussein's regime.
Iraq is required to put five percent of its oil and gas revenues into the reparations fund.
lc/apo/fz
http://ae.zawya.com/story.cfm/sidANA20120126T113048ZFVI53/Kuwait_gets_1bn_in_Iraqi_reparation__UN
Re: Kuwait gets $1bn in Iraqi reparation: UN
One more step to the RV, Good news!
*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
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Yesterday would have been better, but today is a good day
Remember as always, JMHO
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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