Tuesday, January 31, 2023
  • About us
    • Write for us
    • Disclaimer
    • Terms of use
    • Privacy Policy
  • RSS Feeds
  • Advertise with us
  • Contact us
DefenceTalk
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
DefenceTalk
No Result
View All Result

UN panel wraps up after Iraq pays $52.4 bn for Kuwait invasion

by Agence France-Presse
February 10, 2022
in Defense Geopolitics News
1 min read
0
UN panel wraps up after Iraq pays $52.4 bn for Kuwait invasion
14
VIEWS

A UN commission set up to obtain reparations from Iraq over the country’s 1990 invasion of Kuwait submitted its final report in Geneva on Wednesday after paying out $52.4 billion to the small Gulf state.

Set up in 1991 by UN Security Council Resolution 692 to manage financial compensation owed by Iraq to Kuwait, the commission raised the funds through a five percent tax on sales of oil and other petroleum products.

Iraq’s Saddam Hussein ordered his army to invade Kuwait and seize what he described as “Iraq’s 19th province” on August 2, 1990, before being pushed back seven months later by a US-led coalition.

The recipients of the war reparations included private individuals, companies, government organisations and other groups that suffered losses as a direct result of the Iraqi invasion and occupation of Kuwait.

Nearly 2.7 million compensation demands were submitted over the 30-year life of the commission, which paid out $52.4 billion of some $352 billion sought.

The last payment was made on January 13 totalling nearly $630 million, according to the report formally adopted in Geneva on Wednesday.

“While this period of time may seem excessive, it is important to note that the resolution of almost 2.7 million claims with an asserted value of $352 billion over this period of time has no precedent in the history of international claims resolution,” the report said.

“This accomplishment is noteworthy and has contributed to post-conflict reconciliation, demonstrating the value and importance of international law,” it added.

Tags: iraqiraq warkuwaitUN
Previous Post

Canada mulling reinforcements to eastern Europe: minister

Next Post

China suspends Lithuanian beef imports amid row over Taiwan

Related Posts

China made third-largest air incursion this year, says Taiwan

Senior US general warns of possible looming war with China

January 28, 2023

A four-star US Air Force general has warned of a conflict with China as early as 2025 -- most likely...

Denmark in talks with Israel to replace howitzers donated to Ukraine

Denmark in talks with Israel to replace howitzers donated to Ukraine

January 27, 2023

After pledging all 19 of its French-made Caesar howitzers to Ukraine, Denmark is in talks with Israeli arms maker Elbit...

Next Post
China suspends Lithuanian beef imports amid row over Taiwan

China suspends Lithuanian beef imports amid row over Taiwan

Latest Defense News

India approves purchase of 33 Russian fighter jets

Two Indian military jets crash, one pilot killed

January 30, 2023
China made third-largest air incursion this year, says Taiwan

Senior US general warns of possible looming war with China

January 28, 2023
French Air Force Mirage 2000 jet fighter

France could meet Ukraine’s demand for fighter jets

January 27, 2023
Denmark in talks with Israel to replace howitzers donated to Ukraine

Denmark in talks with Israel to replace howitzers donated to Ukraine

January 27, 2023
Israel, Gaza militants trade missiles after deadly West Bank raid

Israel, Gaza militants trade missiles after deadly West Bank raid

January 27, 2023
Leopard tanks to arrive in Ukraine around late March: Germany

Leopard tanks to arrive in Ukraine around late March: Germany

January 27, 2023

Defense Forum Discussions

  • The Russian-Ukrainian War Thread
  • ADF General discussion thread
  • Royal Australian Air Force [RAAF] News, Discussions and Updates
  • Japan, Koreas, China and Taiwan regional issues
  • Italy defence procurement, arms counter-trade and weapons exports
  • China - Geostrategic & Geopolitical.
  • Military Aviation News and Discussion
  • Turkish navy
  • NATO
  • Royal Australian Navy Discussions and Updates 2.0
DefenceTalk

© 2003-2020 DefenceTalk.com

Navigate Site

  • Defence Forum
  • Military Photos
  • RSS Feeds
  • About us
  • Advertise with us
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports

© 2003-2020 DefenceTalk.com