Kuwait called on the United Nations Commission competent to continue regular deposit and maintain transparency

[yota691]

 Kuwait called on the United Nations Commission competent to continue regular deposit and maintain transparency

05/01/2013

Almudaf: $ 11.2 billion value of the remainder of the compensation owed by Iraq

Kuwait confirmed in front of the United Nations Commission on Compensation that the remaining amount of compensation due for Damages Resulting from Iraqi Aggression up to about $ 11.2 billion.

The head of the Board of Directors of the Public Authority for Assessment of Compensation for Damages Resulting from Iraqi Aggression Khaled Almudaf in the word Kuwait in the opening of the 75th session of the Committee's work which will continue until tomorrow that Kuwait has received $ 1.3 billion on January 24, 2013 and $ 1.13 billion in the April 25, 2013

Mudhaf added that the strengthening of Kuwait to continue receiving further payments depend on the continued flow of resources into the Compensation Fund in accordance with the Security Council resolutions relevant.

She stressed Kuwait on "the need to continue filing regular in the Compensation Fund for five percent of the revenue generated by sales of Iraqi oil exports and petroleum products, natural gas, according to UN Security Council Resolution 1956 as well as five percent of the value of any payments other than cash for oil and petroleum products and natural gas . "

It also stressed the "importance of continuing to maintain a transparent mechanism to ensure scrutiny of the amounts transferred to the Compensation Fund.

Mudhaf said that "the continuation of the deposit these amounts into the Compensation Fund bring us closer all of the final accomplishment of the task of the Board of Directors regarding the full payment of compensation to Kuwait which is approved by the Council as a right of the people of Kuwait."

He pointed out that Kuwait had formally requested in September of 2005, the Board of Directors to take the necessary steps again to restore some sensitive and confidential documents of the United Nations Commission for compensation provided by the Kuwait Investment Authority to support the claim category (3).

He said he was later an agreement between the United Nations Commission on Compensation and Government of Kuwait in July 25, 2006 provides for keeping the documents in place within the United Nations in order to maintain safety policy Archive adopted by the Governing Council at its session in December 2003, as well as facilitating the arrival of the Committee or auditors to These documents when needed without restriction.

And said Almudaf "Since these reasons no longer exist, so the Kuwait demanding the restoration of those sensitive documents it."

He Almudaf to that it was agreed in 2008 to meet Iraq and Kuwait under the auspices of the United Nations Compensation Commission to discuss the remaining funds and approved, stressing that Kuwait, which has remained committed to this process, renewed and repeated in different connections commitment and willingness to discuss this issue under the umbrella of the United Nations Commission for compensation.

Kuwait expressed its appreciation for the efforts of the Commission and in particular, and stand ready to provide experts and technical assistance in order to help to make real progress in this regard.

Mudhaf said that Kuwait recognizes with appreciation the support and hard work of the Governing Council and the Secretariat of the Compensation Committee and that is being translated now approaching the end of the task of the Council regarding the follow-up program.

He explained that the Kuwaiti government is aware that a successful transition of the program from the Board of Directors to oversee the national will definitely use it a perfect legacy for cooperation in the post-conflict period and deserves international competition by future generations.

He stressed that Kuwait has taken the necessary steps to issue the required guarantees to the Governing Council to maintain the systems and controls after the transfer of supervision is now in the process of finalizing with the Secretariat of the Compensation Committee.

[yota691]

 

 

Kuwait is still waiting for $ 11.2 billion in compensation from Iraq

Tuesday, April 30, 2013 - 23:04

Iraq war over Kuwait

Kuwait (a. P.)

Kuwait announced today, Tuesday, that it has received since the beginning of the year of 2.43 billion dollars in compensation from Iraq, but they are still waiting to receive compensation of $ 11.2 billion for the invasion, which was subjected to during the reign of the late President Saddam Hussein, in August 1990 , according to official said Kuwaiti high level. quoted by Kuwait News Agency official Khalid Almudaf Chairman of the Public Authority for Assessment of Compensation, "that Kuwait has received $ 1.3 billion in January and 1.13 billion dollars on April 25." and called Almudaf Iraq continue to pay 5 percent of its oil revenues to the Compensation Fund to ensure payment of all damages incurred by him on a regular basis. obtained Kuwait $ 30 billion of the total $ 41 billion established by the United Nations in compensation for damages caused to Kuwait due to the Iraqi invasion of August 1990 to February 1991. and the expulsion of an international coalition led by the United States, the Iraqi forces from Kuwait.

[TBomb]

Last I read it was 5 billion. Hmmmm.  Thanks, Yota.

[thylocene]

Whats a few billion between friends

[blueskyline]

everyone knows iraq must continue to pay 5%. why would kuwait state the importance that it continues ? unless something is bout to change ?

[ChuckFinley]

Thanks Yota. Blueskyline, have to agree with you there.

[dodah]

everyone knows iraq must continue to pay 5%. why would kuwait state the importance that it continues ? unless something is bout to change ?

Good question...Makes you wonder whats up or whats about to occur doesn't it??

[yota691]

$ 11.2 billion .. The remaining compensation owed to Kuwait on Iraq

 

May 1, 2013 09:45 PM   Last Updated: May 01, 2013 9:45

 

Kuwait confirmed in front of the United Nations Commission for compensation that Almlbg remainder of the compensation payable for the loss of Iraqi aggression up to about $ 11.2 billion. said Chairman of the Public Authority for Assessment of Compensation for Damages Iraqi aggression Khaled Almudaf in the word Kuwait in the opening of the session of the 75 work of the Commission, which continue until the second of May next year that Kuwait has received $ 1.3 billion on January 24, 2013 and approximately $ 1.13 billion on April 25, 2013.added Almudaf to enhance further the Kuwait received further payments depend on the continued flow of resources into the Compensation Fund in accordance with the Security Council resolutions relevant . stressed Kuwait «need to continue filing regular in the Compensation Fund to 5% of the revenue generated by sales of Iraqi oil exports, petroleum products and natural gas in accordance with UN Security Council Resolution 1956 as well as 5% of the value of any payments other than cash for oil and petroleum products and gas natural ». also stressed the «importance of continuing to maintain a transparent mechanism to ensure scrutiny of the amounts transferred to the Compensation Fund. said Almudaf that «the continuation of the deposit of these funds into the Compensation Fund bring us closer all of the final completion of the task of the Board of Directors regarding pay full compensation to Kuwait passed by the Council that the right of the people of the State of Kuwait ». noted that Kuwait had formally requested in September of 2005, the Board of Directors take the necessary steps again to restore some sensitive documents and confidentiality of the United Nations Commission on compensation provided by the Kuwait Investment Authority to support the claim category (3). explained that he was later an agreement between the United Nations Commission on Compensation and Government of Kuwait in July 25, 2006 provides for keeping the documents in place within the United Nations in order to maintain safety policy Archive adopted by the Governing Council at its session in December 2003, as well as facilitating the arrival of the Committee or auditors to these documents when needed without restriction. said Almudaf «Since these reasons no longer exist so the Kuwait demanding the restoration of those sensitive documents to it». , and pointed out that it was agreed in 2008 to meet Iraq and Kuwait under the auspices of the United Nations Compensation Commission to discuss the remaining funds and approved , stressing that Kuwait, which has remained committed to this process, renewed and repeated in different connections commitment and willingness to discuss this issue under the umbrella of the United Nations Commission for compensation. According to reports

[yota691]

Kuwait blackmail the government in Baghdad of a new: await 11.2 billion dollars from Iraq, the rest of the compensation

01-05-2013 10:35 AM

 

 

 

 

Western News

 

 

Kuwait announced today that it has received since the beginning of the year, 2.43 billion dollars in compensation from Iraq, but is still waiting to receive compensation of $ 11.2 billion for the invasion, which was subjected to during the reign of the late President Saddam Hussein in August / August 1990, according to What a Kuwaiti official said a high-level.

 

The agency quoted the official KUNA news Khalid Almudaf Chairman Board of Directors of the Public Authority for Assessment of Compensation 'that Kuwait has received $ 1.3 billion in January and $ 1.13 billion in April 25'.

 

And called Almudaf Iraq to continue to pay 5 percent of its oil revenues to the Compensation Fund to ensure payment of all damages incurred by him on a regular basis.

 

Kuwait and got $ 30 billion of the total $ 41 billion established by the United Nations in compensation for the damage to Kuwait due to the Iraqi invasion of August / August 1990 to February 1991.

 

And the expulsion of an international coalition led by the United States, the Iraqi forces from Kuwait.