Kuwaiti newspaper: Iraq paid Kuwait $ 300 million
Economy News _ Baghdad: The Kuwaiti newspaper Al-Rai reported on Monday that Iraq has paid 300 million dollars to Kuwait
The newspaper said that “Iraq finally paid Kuwait $ 300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”
The UN Commission on Compensation for the Damages of the Iraqi Invasion of Kuwait has obliged Baghdad to pay $ 4.6 billion in cash, but these payments have been suspended since October 2014 due to security challenges and budgetary problems faced by Iraq, but the payment was resumed at 0.5 percent of Iraq’s revenues Starting from 2018, and will increase annually until the end of 2021, by 300 million dollars every three months.