UN panel on Iraqi invasion of Kuwait awards another $1.4 billion in damage claims

An additional $1.4 billion has been approved as compensation for those suffering losses and damage resulting from Iraq's invasion and occupation of Kuwait in 1990-1991, the United Nations panel processing those claims announced today.

The Governing Council of the UN Compensation Commission, under the Presidency of Ambassador Michael Steiner of Germany, concluded its session in Geneva by approving awards totalling $1,408,966,401.

The brings to approximately $48 billion the total approved so far, with some $18 billion of that figure going to governments and international organizations for distribution to successful claimants.

The Governing Council, which has the same membership as the UN Security Council, decided to hold its next regular session from 9 to 11 March 2004.