Nine Kuwaiti claimants get $590 mn over Iraq invasion
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.
More from India
More from World
More from Sports
More from Entertaiment
- Mitchell Johnson takes a dig at Anil Kumble over calling Steve O'Keefe 'steady'
- IND vs AUS, 1st Test, Day 3: As it happened...
- WATCH: Kieron Pollard's epic celebration after destroying Lahore Qalandars in Dubai
- BMC poll results: Shiv Sena approaches Congress for pact, party says 'not interested'
- Indian man Srinivas Kuchibhotla shot dead in Kansas bar while watching basketball game - Know what happened