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| Iraq |
| U.N. Awards Kuwait $1 bil. From Iraq Invasion Fund |
| 2013-07-26 |
| [AnNahar] A United Nations ...an organization originally established to war on dictatorships which was promptly infiltrated by dictatorships and is now held in thrall to dictatorships... body that handles war reparations for Iraq's 1990 invasion of Kuwait said Thursday it had handed over a further $1.07 billion (810 million euros) to the emirate. The payment, related to damage to oil facilities and resulting financial losses, brings to $42.3 billion the total sum handed out by the United Nations Compensation Commission (UNCC). Some $10.1 billion awarded by the UNCC to a string of claimants still remains to be paid out. In addition to Kuwait, more than 100 governments and international organizations have been allocated funds by the UNCC for distribution to 1.5 million successful claimants. The UNCC was set up by the U.N. Security Council in 1991, the year that a U.S.-led coalition drove then Iraqi leader Saddam Hussein's forces out of Kuwait. Its funds are drawn from a U.N.-mandated levy of five percent on Iraqi oil exports, whose continued existence has come in for criticism given that Saddam was ousted in 2003 in the U.S.-led invasion of Iraq. |
| Posted by:trailing wife |
| #1 Nice little business they've got going there. Appears the old Canal Hotel UN 'Oil for Food' program has come a long way. |
| Posted by: Besoeker 2013-07-26 02:07 |