Source AP ©

UN pays compensation to victims of 1990 Kuwait invasion from Iraq's fund

The U.N. panel overseeing compensation for victims of Iraq's 1990 invasion of Kuwait said Thursday it has paid a US$391.2 million (EUR284.7 million) installment from Iraqi oil funds to cover claims for losses and damages.

The latest transfer - which consists of 37 separate payments to governments, corporations and international organizations ranging from US$2 million (EUR1.5 million) to US$14 million (EUR10.2 million) - brings the total amount paid in compensation to more than US$22.5 billion (EUR16.3 billion).

The UNCC is made up of the 15 U.N. Security Council member countries. Money to pay the claims comes from Iraqi oil sales. The commission has approved US$52.5 billion (EUR38.2 billion) in total compensation.

Until the U.S.-led invasion of Iraq that toppled Saddam Hussein in 2003, the commission received 25 percent of the proceeds from the U.N. oil-for-food program, which allowed the former Iraqi regime to sell oil and buy food, medicine and other humanitarian goods despite international sanctions.

Since the invasion, the amount UNCC receives from export sales of Iraqi petroleum and petroleum products has been reduced to 5 percent.

In April, the UNCC asked member states to help it recover more than US$80 million (EUR58 million) in overpayments made to claimants after an audit found that several thousand victims had received more than they were entitled to.

World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable

Russia gets rid of world’s most powerful nuclear submarines

The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.

Tillerson must go!
Comments
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
Tillerson must go!
Tillerson must go!
Honor me: The hell with you
What will happen if USA freezes Russian dollar assets?
Russian Guard to see enemies behind walls
Putin celebrates Epiphany bathing in ice cold waters
Russia gets rid of world’s most powerful nuclear submarines
Russian Guard to see enemies behind walls
Tillerson must go!
Turkey distances itself from Russia to plunge Syria into greater chaos
Tillerson must go!
Torturing Jerusalem with USA's help: No peace, but eternal war for Jews and Arabs
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
Turkey distances itself from Russia to plunge Syria into greater chaos
Turkey distances itself from Russia to plunge Syria into greater chaos
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
Ukraine's Western allies point their guns at President Poroshenko
Ukraine's Western allies point their guns at President Poroshenko