ISSN 2330-717X

UN reparations panel for invasion of Kuwait pays out $680 million

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The United Nations commission that settles damage claims in connection to Iraq’s 1990 invasion of Kuwait today made $680 million available to nine successful claimants.

This latest round of payments brings the total amount of compensation disbursed by the Geneva-based UN Compensation Commission (UNCC) to individuals, corporations, governments and international organizations to nearly $31.4 billion, leaving an outstanding balance of some $21 billion that remains owing to Kuwait, according to a press release.

The vast majority of funds for compensation payments have come from the sale of Iraqi petroleum under the so-called Oil-for-Food programme, which came to an end in 2003, and later within the scope of arrangements made under Security Council resolutions.

Established in 1991 as a subsidiary organ of the Security Council, UNCC has received nearly three million claims in six different categories: four categories are for individuals’ claims, one for corporations and one for governments and international organizations, which also includes claims for environmental damage.

UN News

UN News

News provided by UN News Centre

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