UN awards nearly $1 billion for losses arising from Iraq's invasion of Kuwait
A Geneva-based United Nations panel has approved awards totalling nearly $1 billion in damages arising from Iraq's 1990 invasion and subsequent occupation of Kuwait.
A Geneva-based United Nations panel has approved awards totalling nearly $1 billion in damages arising from Iraq's 1990 invasion and subsequent occupation of Kuwait.
The Governing Council of the UN Compensation Commission announced on Thursday awards totalling $995,825,094.18.
The largest of the awards was $694 million for claims by Kuwait's Ministry of Defence and the Kuwait Oil Company for the removal and disposal of mines and unexploded ordnance.
The Palestinian Authority had until 30 September to submit late claims on behalf of individuals who did not have the opportunity to file their claims by the original deadline of 1 January 1. While the final total is not yet computed, it is estimated that some 45,000 claims were submitted by the Palestinian Authority.
To date, the Commission has awarded compensation of approximately $ 43.6 billion. It draws funding from a portion of the revenue which Iraq earns under the UN "oil-for-food" programme.