Iraq still owes Kuwait '$22.3 bln in reparations from Gulf war'

Iraq still owes Kuwait $22.3 billion in reparations from its invasion of the Gulf Arab state two decades ago, a Kuwaiti official said in remarks published.

Iraq still owes Kuwait '$22.3 bln in reparations from Gulf war'

 

Iraq still owes Kuwait $22.3 billion in reparations from its invasion of the Gulf Arab state two decades ago and the Gulf War that liberated it, a Kuwaiti official said in remarks published on Tuesday.

Mansour Hayat, of the state committee that is coordinating the claims with a U.N. compensation commission, told al-Seyassah daily in an interview all of the outstanding payments were due to the government and the oil sector.

He said individuals and companies had received a total of $18.78 billion.

Iraq is seeking forgiveness of outstanding compensation, or a reduction in the amount of annual oil revenue it has been setting aside to pay war reparations to Kuwait and other countries affected by the 1990-1991 Gulf crisis.

Baghdad argues it needs the extra cash to help fund rebuilding after the 2003 U.S. occupaiton. Kuwait resumed diplomatic ties with Iraq but has so far opposed forgiving the reparations.
 

Reuters

Last Mod: 17 Ağustos 2010, 16:49
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