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Iraq pays $13.3 billion to Kuwait in compensation for 1990 invasion

Iraq pays $13.3 billion to Kuwait in compensation for 1990 invasion

23 February 2009 14:50 (UTC +04:00)

Kuwait â€“APA. Iraqi government paid to Kuwait a total of 13.3 billion dollars in compensation for the 1990 invasion and occupation, APA reports.
Kuwaiti government said it was pursuing tens of billions more.
Iraq is required to pay five percent of its oil revenues into a fund created by the UN Security Council to pay reparations for war damage during the seven-month occupation of its neighbor.
The fund has received claims worth 368 billion dollars, including 190 billion from Kuwaiti government. The fund has so far approved the payment of just over 52 billion dollars, including around 39 billion dollars for Kuwait, based on figures from the fund and Kuwait.

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