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Panel Pays Out Nearly $200 Mil for Kuwait Invasion
UN Reparations Panel Pays Out Nearly $200 Million For Iraq Invasion Of Kuwait
New York, Jul 28 2005 5:00PM
The United Nations Compensation Commission paying damages to those who suffered during Iraq's 1990 invasion and occupation of Kuwait today announced the disbursement of nearly $200 million, bringing the total paid out to date to about $19.4 billion.
Last month the Commission announced the conclusion of its claims-processing work and at that time it noted that total awards granted to that date had amounted to about $52.5 billion.
With the claims processing stage now concluded, the Commission will focus its work on payments of awards to claimants and a number of residual tasks.
The vast majority of payments made had been provided from the sale of Iraqi petroleum pursuant to the "Oil-for-Food" programme, which came to an end in 2003 and subsequently, and later within the scope of arrangements made under Security Council resolutions.
ENDS
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