UN body awards over $469 million in damages arising from Iraq’s invasion of Kuwait

UN body awards over $469 million in damages arising from Iraq’s invasion of Kuwait

A United Nations panel today paid out more than $469 million worth of claims arising from damage caused by Iraq’s 1990 invasion and subsequent occupation of Kuwait.

The latest awards approved by the Geneva-based UN Compensation Commission will be disbursed to 28 governments for distribution to 708 successful claimants, including individuals, corporations, public sector enterprises and international organizations.

This new payment brings the overall amount of compensation made available by Commission to more than $16 billion. The funds are drawn from a portion of Iraq’s petroleum revenue earned under the UN oil-for-food programme.