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Iraq is resuming payment of compensation for Saddam Hussein's invasion of Kuwait and that is the amount
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Iraq is resuming payment of compensation for Saddam Hussein's invasion of Kuwait and that is the amount
by RamblerNash Sat Apr 21, 2018 11:02 am
Iraq is resuming payment of compensation for Saddam Hussein's invasion of Kuwait and that is the amount
Twilight News
3 hours ago
The Iraqi authorities have resumed paying compensation to Kuwait because of former President Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved on Friday.
The first installment approved by the United Nations Compensation Commission since 2014 when payments were suspended after extremists took control of large areas of Iraq.
The Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.
The Committee decided that Baghdad would pay $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.
The source of the funds is a tax imposed on sales of oil and Iraqi oil derivatives.
With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.
Until it stops paying in 2014, Iraq has agreed to impose the tax, but some still wonder if this is fair for a country struggling to rebuild it after Saddam Hussein was toppled in a 2003 invasion.
http://www.shafaaq.com/ar/Ar_NewsReader/1b1a7576-749a-4f35-8367-5399a71d8bf3
Twilight News
3 hours ago
The Iraqi authorities have resumed paying compensation to Kuwait because of former President Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved on Friday.
The first installment approved by the United Nations Compensation Commission since 2014 when payments were suspended after extremists took control of large areas of Iraq.
The Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.
The Committee decided that Baghdad would pay $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.
The source of the funds is a tax imposed on sales of oil and Iraqi oil derivatives.
With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.
Until it stops paying in 2014, Iraq has agreed to impose the tax, but some still wonder if this is fair for a country struggling to rebuild it after Saddam Hussein was toppled in a 2003 invasion.
http://www.shafaaq.com/ar/Ar_NewsReader/1b1a7576-749a-4f35-8367-5399a71d8bf3
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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