Nine Kuwaiti claimants get $590 mn over Iraq invasion
The UN has paid USD 590 million to nine Kuwaiti claimants in connection with Iraq`s 1990 invasion of their country.
New York: The UN has paid USD 590 million to nine Kuwaiti claimants in connection with Iraq`s 1990 invasion of their country.
The latest payment brings the total amount of compensation disbursed by the UN Compensation Commission (UNCC) to individuals, corporations, governments and international organisations to nearly USD 29.5 billion, the UN said on Thursday.
The majority of funds for compensation payment have come from sale of Iraqi petroleum under the Oil-for-Food programme, which ended in 2003, and later by arrangements made under Security Council resolutions.
Established in 1991 as a subsidiary of the Security Council, UNCC has got nearly three million claims from individuals, corporations and governments as well as international organisations.